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EURUSD is back above 1.16 amid broad-based....>

FOREX
FOREX: EURUSD is back above 1.16 amid broad-based USD weakness and risk-on
trading. The dollar is weaker even as US nominal and real yields have risen,
breaking the recent negative correlation. 
- USDJPY is at daily highs of 112.33, giving a boost to yen crosses, with EURJPY
accelerating to 130.33 ahead of a potential retest of Wednesday's high at
130.50. AUDJPY is also at daily highs as AUD recovers some mild losses following
yesterday's rally. 
- GBP remains below the 1.3250 level, receiving no support from the bullish
break in EURUSD.
- The yuan has been the big loser on the day, with USDCNH regaining 6.91 after
yesterday's large drop. This has seen EURCNH break back above 8.0.

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