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Hang Seng & Yuan Firm

CROSS ASSET

The Hang Seng the Yuan have firmed at the open after the PBOC noted that they will implement monetary policy in a precise and forceful manner, as well as focus on expanding domestic demand.

  • The Hang Seng is now up ~0.5%, a touch below session highs, and the Onshore Yuan is up ~0.3%.
  • Elsewhere there has been a muted reaction thus far, G-10 FX markets are flat and US Tsys are marginally richer. US Equity futures are holding early gains.

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