Financial Trading
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Another sell-off has taken Wall Street to levels not seen since April 2021. The bulls are attempting to rally this morning, but rebounds have struggled recently. Meanwhile, the USD is consolidating.
Friday’s Nonfarm Payrolls report has increased the potential for a Fed rate hike in May. The clincher will likely come from US CPI inflation on Wednesday.
Risk appetite has suffered in recent days. A USD rebound has played its part but a series of news factors have also weighed. This is leading to a USD rebound and weaker equity markets.
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