Narrow ranges prevailed in cautious trade in Asia today after a volatile week, with all the main currency pairings holding well within yesterday's ranges. EUR-USD held in the mid-1.11s, and USD-JPY in the mid-124s. China permitted the yuan to strengthen mildly for the first time in four days, which generally went down well, boosting Chinese stocks, though most other bourses in the region saw moderate declines.
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