Lack of concrete outcomes from the Trump-Kim summit keeps market suspicious on whether any meaningful steps towards peace has been achieved and ahead of the Fed and ECB decisions markets have treaded water over the past 24 hours. Equities are mixed, the UST yield curve is flatter led by a move higher in front end yields and the USD is stronger across the board. AUD is the G10 underperformer amid mixed commodities and soft EM FX and after a volatile 24 hours Sterling is essentially unchanged.
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