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After Brief Rally, USD & Yields Settling Lower Post-Powell

CROSS ASSET
  • Greenback seeing only very brief support on the Powell headlines, with the USD turning lower 2 minutes out - EUR/USD topping the week's best levels to coincide with November Fed-OIS pricing hitting the session's lowest.
  • 10y yields 10bps off the 5.00% psychological level now, providing some relief for USD/JPY, which re-targets the overnight lows.

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