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Asia's currencies edge higher as China rebound gathers steam
The dollar clung to gains on Monday, supported by investor worries about the looming U.S. election and the fading prospects of any fiscal stimulus beforehand, while the Chinese yuan held firm ahead of the release of quarterly growth data.The dollar index was steady in early trade, following a 0.7% rise last week when a global surge in coronavirus cases and an impasse over the stimulus package stoked caution. The risk-sensitive Australian and New Zealand dollars edged higher on expectations that data due later on Monday shows strong growth in China, and on faint hopes that Democrats and the White House could agree on ... (full story)