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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.
With the USD having regained some lost ground, markets are sitting in wait for today’s Fed meeting. There is a feeling that this could be a pivotal moment.
A bruising sell-off continues on the USD as US CPI inflation trends lower. There is a degree of consolidation today as the dust settles after some big moves in forex and indices.
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