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Espresso Morning Call: Risk still negative across majors
Sentiment remains negative across major markets, allowing the US dollar to continue to strengthen, whilst indices are being sold off. The new week is starting where the old one left off.
The near to medium term USD correction is not over, yet
There has been a big bounce back in the USD today, regaining some of the ground lost over recent weeks. However, much more needs to be seen to signal a decisive shift in the USD corrective outlook.
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