Dollar a touch firmer to start the session ...Middle East

The dollar is up a little as we get into European morning trade, with a lack of any real catalysts. EUR/USD is now down nearly 0.3% to 1.0685 while USD/JPY is inching up to 159.90 currently. The greenback is keeping on firmer footing and I would argue that is in part helped by a continued rise in USD/CNY:Chinese authorities had previously kept a lid on the onshore yuan, preventing a drop beyond 7.25 against the dollar. But they appear to be relaxing that in the last two weeks, with the yuan now falling to its lowest since November last year.That's a headwind for emerging market currencies in general and in turn, is an indirect boost for the dollar at least. So, do keep an eye out on things

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Dollar a touch firmer to start the session ...Middle East

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