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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.
It is a packed week of tier-one data. Traders will be preparing for retail sales, inflation and GDP data from several major and LatAm economies. Volatility will be elevated across markets
Sentiment remains negative across major markets, allowing the US dollar to continue to strengthen, whilst indices are being sold off. The new week is starting where the old one left off.
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