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US Dollar may struggle as yields soften
US equities rollercoaster week finished on a better note as mounting inflation jitters battled with signs of economic recovery. The Dow clawed back some of its 1,200-point losses from the start of the week while the S&P500 recorded its biggest one day percentage jump in over a month on Friday. Growth and cyclicals were the best performing areas with energy and tech the leaders. US futures are mixed with Asian markets showing gains. USD got hit by risk on Friday, softening by 0.5% but ended the week modestly higher. GBP had its second straight weekly advance to lead the majors month-to-date with CAD second in the ... (full story)