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Broader Caution Lingers, Yuan Gains After PBOC Fix

FOREX

The Antipodeans trade on a slightly softer footing as risk aversion lingers in the wake of a weak showing from European & U.S. equity markets on Monday. Risks from the Omicron coronavirus variant and the proximity of a slew of central bank meetings have inspired caution.

  • Offshore yuan has firmed a tad as the PBOC fix was only marginally weaker than expected, signalling a lack of urgency to curb redback strength.
  • UK labour market report, Swedish CPI & U.S. PPI take focus on the data front today, with little in the way of notable central bank speak coming up.

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