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    Dollar Edges Lower; April Payrolls Data in Focus

    EUR/USD traded largely flat at 1.2060, having gained 0.5% Thursday, USD/JPY rose 0.1% to 109.16, the risk-sensitive AUD/USD fell 0.2% to 0.7766, while USD/CAD rose 0.2% to 1.2176, having fallen to a 3-1/2-year low of 1.2145 overnight, helped by the Bank of Canada's recent tapering of its asset purchases and its shift to more hawkish guidance. Elsewhere, GBP/USD rose 0.1% to 1.3902, with sterling struggling to post any serious gains despite the Bank of England slowing the pace of its bond-purchasing program at its meeting Thursday.

  • Euro-Area Portfolio Flows to China Rose to Record in 2020

    Euro-Area Portfolio Flows to China Rose to Record in 2020

    (Bloomberg) -- Investors in the euro area boosted their net purchases of Chinese assets by nearly 50 billion euros ($60 billion) last year, the most since at least 2006. Data from the European Central Bank show the value of portfolios focused on the Asian nation expanded by more than 45% to 187.6 billion euros at the end of 2020 from a year earlier. China’s securities have become increasingly attractive due to a strengthening yuan, their inclusion in some major index compilers’ flagship gauges and a speedy economic recovery from the coronavirus pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.