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Risk appetite has taken another leg lower this morning amid news out of Russia where Putin announces an escalation in the Ukraine war. Euro assets are being hit and the USD is again outperforming. This comes as the Fed meeting is also being eyed.
Risk appetite has soured once more following a profit warning from US tech stock Snap which has weighed on NASDAQ. Market reaction to the renewing selling pressure will be key. For now, the USD correction remains on track.
With markets continuing to price for more aggressive Fed rate hikes, the USD remains strong. Risk appetite is also suffering as a result, with moves exacerbated by a weaker than expected Chinese manufacturing PMI
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