International News
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As US Treasury yields begin to track higher once more, the USD is starting to strengthen once more. This is weighing on the rebound in equity markets.
With markets continuing to price for more aggressive Fed rate hikes, the USD remains strong. Risk appetite is also suffering as a result, with moves exacerbated by a weaker than expected Chinese manufacturing PMI
Major markets are trading with mixed sentiment this morning with a lack of conviction on forex and indices. However, the EUR is sustaining its move higher after gas supplies from Russia through the Nord Stream 1 pipeline resume. The ECB meeting will be in focus later.
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