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US dollar coming out on top again with negative bias to sentiment
Wall Street closed lower again, with the S&P 500 -0.2% at 2778, whilst US futures are a touch higher early today at +0.2%. Asian markets have been mixed again overnight, with the Nikkei -1.0% and Shanghai Composite +0.2%. There is a mild rebound on European markets again early today with FTSE futures +0.2% and DAX futures +0.3% but an the traction hold? In forex, there is little real direction, however, further negative drift for EUR, a mild rebound on JPY and AUD. In commodities, gold is a shade lighter by -$2 whilst oil is around -0.5% lower as the unwind continues. It is another US-centric day on the economic ... (full story)
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