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PBOC Eases, but the Yuan Firms

From marctomarket.com

Russia is thought to be behind the cyber-attack on Ukraine at the end of last week, but military attack over the weekend may be underpinning risk appetites today. The dollar's pre-weekend gains are being pared slightly. Led by the Canadian dollar and Norwegian krone, the greenback is lower against most major currencies, with the yen being the notable exception, which is off about 0.2%. China cut its one-year medium-term lending facility rate by 10 bp to 2.85%, but the yuan edged higher. North Korea conducted another missile test, the fourth of the year. Most equity markets but South Korea and Hong Kong advanced in ... (full story)

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  • Category: Fundamental Analysis