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Markets are looking pensive at the start of the new trading week. A strong close on Wall Street on Friday has been tempered by a concerning set of Chinese PMIs whilst there is a raft of tier-one data in the days ahead.
Strong upside momentum on the USD has eased as Jerome Powell tempered the hawkish mood and Chinese inflation falls back. Caution ahead of Nonfarm Payrolls.
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.
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