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Cross assets reverse the initial US data price action

CROSS ASSET
  • An initial push lower for Treasuries, Eurodollar and Equities, and the USD initially spiked, on GDP beat.
  • But Core PCE was inline, and Wholesales inventories and consumption missed expectations.
  • Equities are trading back and above pre US data, and similar small reversals in Govies and USD.

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