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The drift of selling pressure on the USD has begun to unwind after the upside surprise in US growth. This is weighing on risk appetite for major markets.
After a choppy session yesterday where the USD saw a strong rebound on hawkish Fed comments, there is another swing this morning. USD is lower as risk appetite has recovered.
Another sell-off has taken Wall Street to levels not seen since April 2021. The bulls are attempting to rally this morning, but rebounds have struggled recently. Meanwhile, the USD is consolidating.
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