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Wall Street ticked higher on Friday. This rebound will give investors hope that perhaps Q3 can be a change in sentiment. We look at what is needed to make an improvement more sustainable.
Ahead of the Thanksgiving holiday, there has been another leg lower in the USD correction after weaker-than-expected US Flash PMIs and dovish FOMC minutes. This has also helped to support broad market sentiment.
The huge selling pressure on the USD in the wake of the lower-than-expected US inflation shows little sign of reversing yet. Positive risk appetite has been helped by news of China relaxing some COVID protocols.
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