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Daily Alert: Fed up

  • Markets remain in a grumpy state; sentiment has become more cautious this week and, overnight, the mood worsened.
  • Encouragingly, China may be about to turn on the monetary stimulus tap again which would ultimately bode well for commodity‑sensitive currencies and risk assets.
  • Next week looms large for the economic trainspotters (like us) trying to fine-tune RBNZ expectations.

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