Boris Schlossberg writes that the most interesting economic release of the night came out of Switzerland where the KOF index of leading indicators printed at 77 versus expectations of 70.
Currency strategist Boris Schlossberg writes that the Bank of China announced it was widening the yuan's trading band against the euro, yen and the Hong Kong dollar.
Last night's lower than expected Japanese Merchandise Trade Balance surplus is the latest example of the impact of rising oil prices on Japan's economy.
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