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Several factors have combined in the early part of the week to encourage a more positive outlook for major markets. This is weighing on the USD whilst indices rebound.
The recovery in risk appetite which has driven indices strongly higher in recent sessions and facilitated a USD correction has stalled on the final day of the month.
The USD decline in November has broken the trend of outperformance. We now see a corrective outlook for the USD and this is key across major forex pairs.
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