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.
After the USD-positive and risk-negative reaction to the FOMC meeting there has been a slight retracement early today. This comes ahead of another crucial Nonfarm Payrolls report.
With a resilient US labour market, traders are eyeing inflation. If US CPI ticks back higher a significant near-term reaction on major markets could be seen.
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