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The USD has had a choppy start to the new year. Initial strengthening has given way to renewed corrective pressure this morning. This comes as equities and precious metals continue to run higher.
Markets have been fluctuating in recent sessions and especially in the wake of the ECB meeting. However, with a series of worrying data releases for major economies, there are hints of risk aversion and the USD strength is threatening once more.
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.
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