Forex
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As the USD has reacted positively to better-than-expected US data in recent sessions, major forex pairs have unwound. Markets stand at a crucial level ahead of next week’s FOMC meeting.
Google launched a new AI product for its search engine yesterday, but an error sent the shares tumbling. This weighed on NASDAQ and by association the S&P 500. The correction seems to be short-lived and could be a near-term trading opportunity.
USD gains in recent sessions have come as yields have ticked higher. However, as yields fall over this morning, the USD is pulling back. This sensitivity will only increase as the FOMC meeting approaches.
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