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Moving Markets
November 24th, 2022 - 06:31 GMT

China COVID woes, Ifo improvement and weak dollar move markets

It's Thanksgiving, and US stock markets are closed for a well-deserved rest. The rest of the world is giving thanks for a set of Fed minutes that strengthened the 'dovish pivot' narrative, squashing the dollar and US bond yields and giving respite to battered currencies the world over. The big outlier is China, where the capital Beijing is heading back into lockdown in all but name, as COVID-19 cases hit ...
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