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Yen holds firmer ahead of European markets



Major currencies are in a more defensive position ahead of European trade

  WCRS 27-08
ForexLive

The Yen is making gains in the midst of slightly weaker bond yields, but also as the Chinese yuan is trading weaker after the PBOC fixed the currency weaker again today. The offshore yuan is currently trading at 7.17 per dollar:
  USD / CNH D1<div class="e3lan e3lan-in-post1"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
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</script></div> 27-08

As such, Aussie and Kiwi are also weakening today as major currencies withdraw their movements overnight anything. Meanwhile, the dollar remains more stable against the euro and the pound, and the EUR / USD sits in just 9 pips (!) Range.

The mood of the action is more modest with US futures sitting close to flat levels and Asian stocks doing slightly better. Treasury returns are slightly weaker, but nothing too overwhelming to suggest a huge risk-off sentiment.

Looking ahead, risk sentiment will be a key factor affecting market sentiment among the ebb and flow of the end of the month. [19659008SomnevntigårfølerjegfortsattatmarkedenevarforoptimistiskemedhensyntilTrumpsmerknaderomhandelsåkanskjeviseratvalutaerkommertilbakepånoeavdetidag


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