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Friday’s Nonfarm Payrolls report has increased the potential for a Fed rate hike in May. The clincher will likely come from US CPI inflation on Wednesday.
US Treasury Secretary Yellen has looked to reassure depositors in the US banking crisis. Markets look more settled on Friday, but negative sentiment lurks.
Another surge of USD strength and selling of risk assets has come in the past 24 hours. Russia ramping up the geopolitical tensions in the Ukraine war has come before the Federal Reserve aggressively hiked interest rates again.
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