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January 09, 2018
The U.S. Dollar broadly stronger against the G10 amid higher U.S. 10 year bond yields and renewed interest by macro investors to add to enter into long USD positioning. Dollar strength also coincided with a weaker Chinese renminbi after the Chinese central bank is said to make a change to the regime used to manage the yuan. The move has prompted many to speculate the Chinese central bank will be more flexible in allowing the pair to fix higher in the future. The Japanese Yen is one of a few outperformers this morning, as the Japanese currency rose against all of its G10 peers during the Asian session as the Bank of Japan reduced its purchase of super long bonds prompting some speculation on that front that the BoJ may be looking to unwind its loose monetary policy.

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