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The positive momentum of the risk recovery has eased overnight in the wake of a hawkish lean from Fed Chair Powell. This has reinvigorated the USD and is weighing on US equity futures.
In the wake of the US CPI upside surprise, markets are increasingly looking for an even more aggressive monetary policy tightening from the Fed. We look at how this impacts our preferred trading strategies on Forex, Commodities and Indices
Australian dollar pairs have been boosted following an unexpected 25 basis points increase in the cash rate by the Reserve Bank of Australia.
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