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Firmer U.S. S&P Global PMIs Halt Early Cross-Market Moves

CROSS ASSET

Firmer-than-expected flash S&P global PMIs out of the U.S. help limit/partially reverse some of the previously covered cross-market moves. The broader USD is off session lows (with the pre-data pressure on the greenback largely generated by the risk-on equity impulses surrounding the latest RRR cut from the PBoC and various earnings reports from the global tech space), while core global FI markets trade on the defensive and equity futures nudge away from highs. CAD initially moves lower post-BoC decision.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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