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Crude jerked higher on news of Iran potentially supporting
an effort by OPEC and Russia to stop production. However, upmove did not
sustain as both WTI and brent tapered off their highs on profit-taking.
Equities also rose overnight but stock indices closed with only modest
gains. There was an underlying sense of caution ahead of Fed Yellen’s
speech in the absence of stronger data cues. USDAXJs seem to be making
their way higher as we write ...
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