USD dropping across the board following the China news
As I just mentioned in the prior post on China, the market has remembered that some negative bond news (that leads to a sell off and thus rising yields) is not positive for the dollar.
USDJPY has tumbled to 111.41 and both the euro and pound have jumped. EURUSD is up at 1.1980, GBPUSD at 1.3534.
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