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USD regained strength overnight on the back of solid
consumer confidence which came in at 125.6 (16-year high). The Mar print
was a jump from the previous 116.1. Fed Fischer’s words also helped as he
reiterated the likelihood of two more rate hikes. UST 10yr bounced
towards 2.42%, last seen within striking distance of the level in early
Asia. The strong consumer confidence as well as talks of Trump meeting
National Economic Council head Gary Cohn to discuss tax reforms rekindled
the reflation...
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