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Risk assets are continuing their ascent higher as US stimulus hopes and optimism offer support. The mooted $916 billion fiscal relief plan is filling bulls with more vigour to buy stocks with the White House seemingly on side too and giving negotiations renewed momentum.The safe haven JPY and CHF are down in the dumps at the bottom of the major currency performance table which means King Dollar is suffering and trading broadly lower. Tightening in year-end USD funding pressures is moderating slightly today. But it is headlines from Brussels and Washington which are the main drivers in the... Read More
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