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US dollar recovers, stocks’ rally stalls as market tries to find its footing

US dollar recovers, stocks’ rally stalls as market tries to find its footing

Global Market Insights - Forex, Futures, Stocks

May 8, 20243m 40s

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Fed expectations drive the market; three Fed speakers on the wires today. Dollar recovers but all eyes are on the US stocks and Treasury yields. The pound prepares for the BoE meeting as elections gain more airtime. Yen on the back foot again; gold steady amid the Israeli ground operation.

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