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USD lower in Asia trade as ‘risk-on’ mood picks up (here are the 3 reasons why)

Some positive developments for the risk trade in the past few hours:
1. The PBOC is taking steps to ease the liquidity crunch, injecting funds again today into the banking system, interbank lending rates have fallen back a little

Source: Forexlive RSS Breaking news feed
Date: February 2, 2021, 12:07