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European Session - Usd Rebound
Market Brief
A wave of deleverging has investors heading for the exist in commodites and Usd shorts coverings. European stock markets are in the green and US is looking to open above fair value as earning reports are better than the market had expected. Crude is down -1.68% from yesterday's highs and precious metals are also underpressure. Jpy weakness has the carry trades performing well with the GbpJpy trading above its 50day moving average for the first time since Nov 2007.
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