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FX Daily: Asian FX sell-off adds another leg to the dollar rally

A new front has been opened in the dollar’s rally. The People’s Bank of China has fixed the renmimbi weaker than models were predicting over the last two sessions. This hints that the People’s Bank of China could be looking for a slightly weaker renminbi after all. This could unlock another leg lower in Asian FX and add to dollar gains more broadly

think.ing.com/articles/fx-daily-asian-fx-sell-off-adds-another-leg-to-dollar-rally/?^~~

“Time makes more converts than reason.” – John C. Bogle

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