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The near-term USD rebound has settled down as US bond yields have consolidated. Broader markets seem to be increasingly in need of a catalyst and are in wait-and-see mode ahead of a huge week approaching.
After a quiet Monday due to the US public holiday, forex majors once more trade with a USD negative bias. Equities are mixed, whilst metals prices drop back.
A bias of negative risk appetite and USD strength is beginning to develop once more. However, ahead of Nonfarm Payrolls, a traditional consolidation is setting in this morning.
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