Asia open: The US dollar continues to squeeze bears with firmer US data

GBP and USD were strongest majors overnight, CHF and JPY were the weakest majors overnight. Firmer US data strengthen the dollar, weighed on gold (which is back below 1800) and saw EUR/USD close beneath 1.2000. Higher yields undescrore strength of the reflation trade Oil prices extended their bullish runs, with WTI and Brent at their highest levels since January and February respectively Global indices remained anchored at (or near) record highs BOE held rates ad their appetite for negative rates appears almost non-existent NFP is the main economic event today (with Canadian reemployment released alongside it) Firmer … (full story)

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