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USD made a storming recovery yesterday following an FOMC induced sell-off. With Big Tech stocks on Wall Street sharply lower, risk appetite is negative ahead of today’s Nonfarm Payrolls report.
After two sessions of decisive USD selling, the signs of recovery are appearing this morning. This comes at an important crossroads for majors.
GBP has jumped once more this morning on a u-turn from the UK Government on its tax-cutting plans. There is a mixed look to risk appetite with commodities higher but equities lower.
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