Commodity Exporters' Currencies Rally as China Raises Yuan Fix

  • China's central bank strengthens fix by most since November
  • Havens take a backseat as demand for higher yields emerges

Making the Case for Optimism in Japanese Markets

The currencies of commodity exporters advanced as China’s central bank strengthened the yuan’s fixing by the most in four months, spurring demand for higher-yielding assets at the expense of those viewed as havens.

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