Financial Trading
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A hint of a USD correction was snuffed out into the close yesterday and markets are now focusing squarely on the US inflation data later today. After a disappointing close on Wall Street, US futures are looking to build support again.
The circumstances surrounding the ECB decision to hike rates by 25 basis points have started to weigh on the EUR strength. Outperformance looks less certain.
The Bank of Japan has signalled that it is nowhere near ready to tighten monetary policy. The JPY is under significant selling pressure.
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