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The EUR continues to perform well against other major currencies. With the upcoming ECB monetary policy meeting, we expect this to continue.
A cross-asset consolidation has set in this morning with little real direction on major markets. The Fed minutes were an exercise in confirmation and with volatility beginning to recede, markets look for the next catalyst, with the US growth revision later today.
US markets are off for the Independence Day public holiday today, but there is a mild improvement in broad sentiment on Monday morning.
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