Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with surprises emerging for the NZD, GBP and most importantly the JPY. What other headlines drove asset classes higher? Let us break them down for you:
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