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The trigger of the broad USD downmove was perhaps due to
the release of the emails by Donald Trump Jr., revealing how keen he was
to be informed of “incriminating information” on Hillary Clinton by the
Russian. Equities made a sharp retreat at the revelation before making an
eventual recovery to almost flat by close for most benchmark indices. The
USD on the other hand, remained weighed by Fed Brainard’s comments
overnight. She advocated reducing the Fed U$4.5trn balance sheet but ...
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