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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The yen is firmer in the open European markets

The yen is firmer in the open European markets



Major currencies are more protective of European trade

  WCRS 27-08
ForexLive

The yen leads to a gain in the backdrop of slightly lower bond yields, but also since the Chinese yuan is trading weaker after the PBOC fixed the currency again today. Offshore yuan is trading at $ 7.17 at the moment:
  USD / CNH D1 27-08

As such, Australians and kiwi are also weaker today as major currencies continue to move at night to some extent. Meanwhile, the dollar is holding more steadily against the likes of the euro and the pound, with EUR / USD sitting at just 9p (!).

Stock sentiment remains more modest, with US futures sitting near flat levels and Asian stocks far better. The Treasury's profitability is slightly weaker, but nothing too excessive to suggest major risk sentiment.

In the future, risk sentiment will be a key factor affecting market sentiment and the entry and flow of trading at the end of the month. [1

9659008] As mentioned yesterday, I still feel that markets have been too optimistic about Trump's remarks on trade, so we may see currencies withdraw some of that today.


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