From the Floor: Markets sigh with relief despite China reserves dive

Market sentiment improved broadly after China's foreign-exchange reserves plunged somewhat less than feared though the $100 billion drop was formidable by any reckoning. Friday's US nonfarm payrolls were mildly hawkish for Fed policy ahead EURUSD looked to get a foothold at new levels above 1.10 and core bond yields stayed on their downward course.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-markets-sigh-with-relief-despite-china-reserves-dive-7048466?utm_medium=tf4-feed&utm_source=extract