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US equity markets continue their recovery,....>

FOREX
FOREX: US equity markets continue their recovery, with the e-mini S&P now up
1.6% from the lows printed late yesterday. Nonetheless, equities would need to
add another 1.75% or so to recover back towards Monday's best levels.
Concurrently, US 10y yields are edging off the multi-month lows printed today
down at 2.8192%, but are still considerably below the week's best levels as
markets close out positions to underpin the modest recovery Tuesday.
Possibly lending support to the move is the USD index's bounce off the 50-dma,
which currently kicks in at 96.571.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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