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After two sessions of decisive USD selling, the signs of recovery are appearing this morning. This comes at an important crossroads for majors.
After a disappointing end to Q2 yesterday, this morning seems to be little different as risk appetite remains negative. Indices are falling, commodities moving lower and USD is strengthening once more.
It is a shortened trading week for the US, but the focus will be on the November flash PMIs and a rates decision by the Reserve Bank of New Zealand.
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