Trade was somewhat convoluted today, with emerging market currencies remaining under pressure, though commodity currencies steadied despite ongoing weakness in oil and other commodity prices. Stocks in Europe managed a rebound, despite China having led most Asia-Pacific markets lower after a positive start. The Shanghai Composite finished 3.2% for the worse, and the Nikkei added to recent hefty losses with a 2.4% decline at the close. Australia's ASE 200 was an exception, closing with a 0.46% gain. In Europe, the STOXX 50 was showing a 0.8% gain as of the early PM session.
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