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By Chris Becker
With a new earnings season in full swing in the US, surprising upside results gave industrials a big lift after tech stocks dragged down previously. The USD continued to swing higher while US Treasuries burst through the very closely watched 2.4% yield level overnight. Other risk assets followed suit with oil pushing higher while other industrial metals also gained on the LME.
Today’s CPI print for Australia will be the most closely watched event on the calendar.
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