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With no data released and the US markets closed for a public holiday, there is very little to report.
European equities were down slightly, while Chinese equities were up slightly, so the government must have been in the market buying again (not sure why anyone else would be buying them at this still-overvalued level).
Oil prices have stabilised after a fall on the open yesterday. Brent crude briefly traded sub $28 before recovering to $28.75.
Iran is aiming to increase shipments by 500,000 barrels a day as sanctions are lifted. This is just the beginning of a likely more substantial increase in supply.
Currency markets showed little movement, trading in a tight range over the past 24 hours. The NZD trades at 0.6445, the same level as yesterday morning when this report went out, trading as high as 0.6480 late yesterday.
After AUD reached its lowest level in 7 years on Friday of 0.6827, there was a mild bid tone yesterday and it is currently slightly up from that level at 0.6863.
A stronger fix by the PBoC yesterday for CNY of +0.07% helped support Asia-Pacific currencies and this helped settle some nerves.
The PBoC moved further away from a freely floating currency when it announced in the weekend that it would impose reserve-requirement ratios on yuan deposited onshore by overseas financial institutions.
This will make it more difficult for speculators in the offshore yuan market to short the currency by limiting liquidity and making it more expensive to do so.
Of the majors, the safe-haven currencies slightly underperformed. USD/JPY trades at 117.34 this morning, up from the sub-117 level of yesterday morning while EUR/USD trades just below the 1.09 handle.
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