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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.
Investors looked past weaker than forecast US growth to drive a positive session on Wall Street. The improvement in sentiment is weighing on the USD this morning which is pulling back from 20-year highs.
After disappointing US data saw Wall Street suffer into the close, we see risk appetite has tailed off once more. This comes ahead of some crucial central bank speakers at the ECB forum in Portugal.
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