Markets have begun to look more cautious as the week draws to a close. US Treasury yields have held up well despite further signs of peak US inflation having been reached. USD is holding ground, whilst indices are tentatively higher and commodities consolidate.
After positive sentiment swept across Wall Street into the close, there are hints of a near term unwind to USD strength and a rebound in indices.
US Retail Sales take the focus for the US this week, but elsewhere there is plenty of inflation and growth data to keep traders on their toes.
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