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EMFX Under Pressure

EMERGING MARKETS

Overall, the Bloomberg Dollar Index is stronger this morning amid another leg lower in the JPMorgan Emerging Market Currency Index (Down 0.38%). Equities in Asia traded poorly prompted by fresh virus concerns and Yellen reiterating her stance on China that should not come as new news. USDCNH appears to have turned and may target a move to around 6.51 resistance which may keep EM FX under pressure in the short term.

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