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CNY - New Optimism Lifts Sentiment Ahead Of The Weekend
Market Vectors Chinese Renminbi/USD ETN
Overview: China's new pledge to meet its trade commitments under the Phase 1 agreement with the US coupled with signs that the virus flare-up in Beijing may have been brought under control is helping underpin risk appetites today. Led by Chinese shares, equities in the region rose, giving the MSCI Asia Pacific Index a four-day advance to carry into next week. European stocks higher, leaving the Dow Jones Stoxx 600 in its recent ranges. US shares are also firm. Bond markets are quiet.
The peripheral premiums over Germany narrowed 7-10 bp this week. The US