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USD/Asia Firmer as Market Awaits IMF Yuan Decision

2358 GMT [Dow Jones] Most USD/Asia banking pairs might trade with a firmer tone, given Friday’s arise of a benchmark ICE dollar index to tighten above a psychological symbol of 100.00 for a initial time given March. The debility of a euro heading adult to Thursday’s process assembly of a European Central Bank will expected keep a dollar index buoyant. In concentration currently is a tentative proclamation by a International Monetary Fund of a preference to embody China’s yuan in a basket of haven currencies famous as Special Drawing Rights. Some traders design a People’s Bank of China to symbol a yuan significantly stronger…

Article source: http://www.wsj.com/articles/usd-asia-firmer-as-market-awaits-imf-yuan-decision-1448844804

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