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Risk appetite was hit again yesterday by geopolitical concerns and a strengthening USD. Once more this morning there is an attempt to recover the losses, but can this move last?
A recent move towards a stronger USD had come as yields were rebounding. However, as yields have dropped away again, the USD is slipping back lower, supporting risk appetite.
Hawkish comments from Fed chair Powell have swung markets again. The USD has renewed upside impetus and indices have pulled lower.
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