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The USD has been gaining ground once more in recent sessions. This remains the case this morning as traders look ahead to US Retail Sales. GBP is in focus as UK inflation hits double digits.
With reduced prospects of a 100bps Fed hike, the USD is unwinding some of its strength. This is also allowing an improvement in risk appetite and driving technical rallies for indices on Monday.
Markets have navigated through a swathe of central banks this week. However, existing trends seem to be resuming, with the USD strengthening and a negative bias to risk appetite.
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