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Canadian Dollar Plays A Little Catch-Up, Rises to best Level in a Nearly Seven Weeks
The US dollar is narrowly mixed against the G10 currencies. The Canadian and Australian dollars lead the advancers, while the Scandis are pacing the losers off 0.1%-0.2% in quiet turnover. Most the freely accessible emerging market currencies are sporting softer profiles today, the Chinese yuan is among them. However, most Asia Pacific currencies, are firmer. Benchmark 10-year yields were softer in the Asia Pacific region in mostly a catch-up to the eight-basis point decline in 10-year US Treasury yield yesterday. The 10-year JGB yield of about 0.74% is 10 bp off its recent high. European and US yields are firmer ... (full story)