It’s been a past 24 hours of consolidation for Currencies with the US Dollar giving up some ground, the Bloomberg spot US dollar index losing 0.67% yesterday. Equities have been mixed with modest rise in Europe while the US market closed flat having opened higher across the board. Hard commodity prices have been mixed to weaker. Maybe some repositioning of the USD after the Minutes as USD investors think more about “gradual” rate rises, even if US 2y Treasury yields rose a little on the day.
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