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US Dollar Gains Pared
Asia Pacific equities were mostly lower. China and India bucked the trend. Europe’s Stoxx 600 is steady with no follow through selling after yesterday reversal. US index futures are posting modest gains and are trying to snap a two-day drop. The US 10-year yield is firm at 2.91%, while European benchmark rates are 2-3 bp higher. Asia Pacific bonds were dragged lower by the sell-off in the US yesterday. The dollar is broadly lower. The Swedish krona and sterling are faring best among the majors. The Canadian dollar is the laggard today, little changed near midday in Europe. Emerging market currencies are more mixed. ... (full story)