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As a massive week for major markets gets going, the USD is beginning to edge higher again. This comes after Friday’s US PPI data held up and there is further potential for a hawkish surprise at Wednesday’s FOMC. This is weighing on risk appetite too.
Sentiment is cautious at the start of a week of likely significant volatility for major markets. Risk assets are weaker ahead of a raft of central bank decisions.
Another surge of USD strength and selling of risk assets has come in the past 24 hours. Russia ramping up the geopolitical tensions in the Ukraine war has come before the Federal Reserve aggressively hiked interest rates again.
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