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The USD rise has not been broad-based. It had risen
against most of the G10 currencies but slipped against the Asians. Still,
this optimism for the Asians may not last as market focus attention on
the Xi-Trump summit meeting in Florida on 6 and 7 Apr. With Trump already
warning that the summit will be “very difficult” with China’s trade
surpluses with the US, unfair trade practices as well as North Korea on
the menu. Trump’s two executive orders on 2 Apr that seek fresh ways to
penalize ...
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