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After a tumultuous few days for US banks, bonds and equities, broader markets are tentatively settling. The mood may be short-lived as US CPI approaches.
The USD sell-off has continued this morning despite the traditional consolidation elsewhere ahead of Nonfarm Payrolls. However, as volatility after the data subsides, a continued USD correction is likely.
With a holiday-impacted start to the week, major markets are seeing consolidation setting in. This comes ahead of a crucial meeting of the FOMC which begins today.
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