Macro Morning

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By Chris Becker 

This time its currency markets feeling the Trump Twitter slap with the USD now down nearly 3% for the month as the US president and his advisors slammed the “undervalued” Euro, causing a rush to safe havens like gold and Yen. US stocks continued their selloff even as house price and consumer confidence (but I repeat myself) data came in stronger than expected.

First to Asia’s session yesterday, where Chinese stock and commodity markets are closed for Chinese New Year for the week.

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