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Calm Before the Storm: Greenback Confined to Narrow Ranges
With many central bank meetings in the days ahead, the dollar has begun the new week on a quietly and mostly in tight ranges, helped by a holiday in Tokyo. G10 currencies, outside of the Scandis are slightly firmer in European turnover. Emerging market currencies are narrowly mixed, but of note the 0.25% decline makes the Chinese yuan the weakest. The Mexican peso is extending its recovery into the seventh consecutive session. While mainland Chinese stocks recovered from early weakness, the large bourses in the region fell. Europe's Stoxx 600 is off a little more than 0.5%, snapping a two-day advance, while US index ... (full story)