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US yield dribbling lower helping the USD to do the same

The US dollar is falling away across the FX board with yields pulling back a little lower.

EUR, GBP, AUD, NZD, CAD are all up against the big dollar. Even the hapless yen is gaining some ground.

As for the yuan, a little lift for it also, which the PBOC will welcome. They sent another strong signal today that they’d like the currency to stop dropping so quickly:

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