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Markets have been seeing some significant swings over recent days, but there is a cautious feel to sentiment this morning. This comes ahead of another raft of key US economic data that could sway opinion on the Fed for the July monetary policy decision.
Fed hawks arguing in favour of another 25bps hike is generating support for the USD. A light US calendar this week will leave a mixed outlook on major forex.
Sentiment is looking more positive this morning. Indices have reacted with gains at the start of the week, whilst the corrective moves on the USD continue to gather pace.
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