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We continue to see a dominant trend in USD strength. Near-term counter-trend moves remain a chance to buy the USD. As such we see recent forex moves as an opportunity.
Crypto tumbles over the weekend as the SEC crackdown becomes more aggressive. This week has it all in data prints from the CPI and the FOMC out of the US, to the ECB & BoJ policy statements, and GDP data from the GBP & NZD.
The emergency sale of Credit Suisse to rival UBS over the weekend is aimed at helping to restore confidence, but fears are growing over wider concerns.
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