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Heading into the report, market was putting a 63% probability on the chance of a 50 bps Fed cut, that’s up to 67% afterwards but the numbers have been choppy. In contrast, US 2-year yields rose to 3.59% from 3.58% on the data.
There are no big surprises here but the numbers are a touch on the strong side at first blush.
Some details:
This article was written by Adam Button at www.forexlive.com.
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