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Global Market Weekly Recap: August 5 – 9, 2024

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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring gains in currencies with more hawkish political biases. Geopolitical tensions also returned to the headlines, supporting crude oil due to global supply concerns. How did your closely watched assets react to these events? Let’s break it down.

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