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Nonfarm Payrolls will always be the highlight of the week for traders. However, keep an eye out for the ISM surveys along with the RBA and RBNZ monetary policy decisions.
Major markets have looked to rebound once more following a risk negative/USD positive bias through yesterday’s session. These rallies are likely to turn into consolidation as a crucial announcement from the FOMC is due later.
The ECB has held rate steady today, but has laid out clear forward guidance for its first rate hike in July and further hikes later in the year. The EUR has been supported by this.
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