The dollar is trading firmer against the euro and yen, with USD-JPY recouping about half of yesterday's losses making a 124.59 peak, EUR-USD an intraday low at 1.1107, down over a big figure form yesterday's peak. The PBoC devalued the CNY for a third day, but at a decreasingly aggressive pace of 1.1%, comparing to 1.6% yesterday and the initial 1.9% devaluation of Monday.
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