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The dollar has recovered slightly after a few difficult days, with US futures falling as we plan to start European trading in the morning.
The mood for risk is slightly defensive as such, with 10-year Treasury yields also down 2 basis points to 0.66% at the start of the session.
Amidst the sweetness of risk, the Aussie and the Kiwi are lagging behind, the former still being troubled by the lingering tensions between Australia and China. Meanwhile, the pound continues to fall, as more chatter about the negative BOE rates and the risks of Brexit weighs on the currency.
As things stand, the feeling of risk remains the main driver of the market, as we observe a decline in American futures contracts, the S&P 500 having approached a test of its key daily moving averages.
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