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Selling pressure has taken hold on risk assets in the wake of the higher than expected US inflation. Wall Street fell into the close and longer-dated US bond yields are decisively lower. The Japanese yen is standing tall.
Despite the stronger-than-expected payrolls report on Friday, the USD remains on a corrective path, with gains being sold into. There is a mixed outlook across major markets to start the week.
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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