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Cross assets are back to pre US data levels

CROSS ASSET
  • Equities and Govies are now back at pre US Empire levels, and the USD is in turn back on the front foot.
  • EURUSD now targets the 200D MA at 1.0848.
  • Latest Treasury flows sees USA sold in 1.2k, TYA in 4k, FVA in 2.5k to edge back towards their respective lows.

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