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Markets have been more cautious at the start of the week. The USD is clawing back lost ground as another crucial FOMC meeting kicks off.
The USD sell-off has continued this morning despite the traditional consolidation elsewhere ahead of Nonfarm Payrolls. However, as volatility after the data subsides, a continued USD correction is likely.
Another day of political turmoil in the UK as PM Truss resigns. The initial rebound on GBP has quickly faded as the reality of negative broader sentiment kicks in.
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