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US-China trade friction still the risk sentiment focus


USD index lowers slightly in Asian session with some follow through selling on USD earlier after the weak NFP data last Friday. And a higher average weekly earnings pointing for more upside risk on inflation but Powell says the outlook for inflation and economy supporting gradually rise of interest rate have nothing much impact to the market. US-China trade friction still key focal point on risk sentiment. And comments for China studying devaluation of YUAN in response driven the USDCNH to go higher in earlier European session.

Major currencies remains in tight range movement with still weak USD bias. Tomorrow China president Xi speech in Boao will have some attention for market of current trade war risk worry. Today no US data and stock/bond market move will direct the intraday action.


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