Financial Trading
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After another big upside surprise in US CPI, markets are increasingly pricing for a potential 100 basis points Fed rate hike in July. The USD has strengthened once more and this is weighing across asset classes.
There has been a shift in market sentiment over the past day. A decline in US bond yields has weighed on the USD and allowed risk appetite to improve. However, key barriers to the continuation of the improvement lie ahead.
Markets have fluctuated in recent sessions, but there is consolidation coming into another crucial FOMC decision. Forex, commodities and indices are poised.
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