Overview: The capital markets appear to be waiting for US leadership for direction. The dollar is mostly slightly firmer against the major currencies, though the dollar bloc is firm. Among emerging market currencies mixed, though the high beta Turkish lira and South African rand are posting modest gains. The weakest is the Mexican peso. It is off about 1.5% as the market responds to news that Mexican voters preferred, by a clear majority (~70%), upgrading the existing international airport rather than building a new one in Mexico City. Many large equity markets in Asia eased, but the rout in China continued to a 2% ... (full story)