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The Greenback Remains Soggy, while China and Turkey Move in Opposite Directions
In quiet turnover, Asia Pacific and European equities are trading lower, while US shares are enjoying a firmer bias. China and Hong Kong markets bucked the trend. The Dow Jones Stoxx 600 is off by about 0.40% in late morning turnover. The S&P 500 has a five-week rally in tow. Bond yields are mostly 2-4 basis points higher in Europe, though the 10-year Gilt yield is up 6 bp to 81 bp. The 10-year US Treasury is pushing above 1.90%. The dollar is on its back foot after slipping against nearly all the major currencies last week. The euro poked above $1.12 for the first time since August. The JP Morgan Emerging ... (full story)