Currencies Stall with US Market Closed; China Holds Rates Steady
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Major currency pairs traded near previous week's levels early Monday amid US market closure for holiday.
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USD grew Friday after stronger than expected PPI data, but pulled back ahead of weekend. USD index holds above 104.
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PBOC kept one-year MLF rate unchanged at 2.50% as expected.
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Finance Minister said interest rates will likely rise in future, affecting Japanese economy.
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Gold rebounded to close week near $2,000, extending recovery early Monday to around $2,020.