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The USD continues to strengthen, but with US CPI set to fall this week, the ongoing reaction on US Treasury yields will be key for the USD outlook.
Fed Chair Powell moving to a less hawkish positioning has weighed on US bond yields and the USD whilst boosting risk appetite with commodities and equities higher today.
After another negative close on Friday, broad sentiment has picked up early this week. The political upheaval continues for the UK, but a new Chancellor is at least providing support for GBP, but it might be short-lived.
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