Financial Trading
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A risk-positive close on Wall Street has held overnight, with the USD still weaker. However, as US Treasury yields start to climb once more today, there is a warning that renewed USD strength may not be far off.
With the Fed doing little to push back against market positioning for the pivot in monetary policy, risk assets have been boosted. USD is weaker with equities breaking out.
A cross-asset consolidation has set in this morning with little real direction on major markets. The Fed minutes were an exercise in confirmation and with volatility beginning to recede, markets look for the next catalyst, with the US growth revision later today.
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