I sense a dovish shift in the force ...Middle East

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I sense a dovish shift in the force
I suspect the latest move in markets is more about the PBOC than the Bank of Canada but the market is in the mood to buy short-dated bonds as the week gets underway. That's led to broad US dollar selling that's accelerated in the last half-hour. A soft Canadian CPI report may also be helping in a reminder that the tide on inflation is turning.Gold is beneficiary at the moment, rising $12 to a session high at $2030, which is the highest since Feb 12. Yuan weakness after today's PBOC MLF cut is a driver for emerging markets and for gold, though you wouldn't know it from today's lacklustre gains in Chinese stock markets.The euro is a winner on the latest dollar move, rising 45 pips to 1.0821 on

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