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USD Drops With Yields, While Gold, Stocks Favoured Post-CPI

CROSS ASSET
  • USD fades further on the day on the back of the (slightly) softer inflation report - EUR/USD prints a new daily high at 1.1065 and is holding the bulk of the rally, while Equities and gold benefit in tandem.
  • US Yields plumb a new daily pullback low - extending the pre-data move that had already had US 10y yield under pressure.

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