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7 Mar 2018
Dollar steadies as fears of trade wars ease - ANZ
Analysts at ANZ explained that the USD steadied as market anxiety over a possible escalation in trade tensions eased a touch and data showed US growth is remaining firm.
Key Quotes:
"Equities had a mixed performance. European bourses performed well with the DAX up 1.1%, the CAC 40 up 0.3% and FTSE up 0.2%.
But at the time of writing, the S&P 500 was down 0.7%, with consumer discretionary stocks weighing.
US Treasuries were a touch firmer with the yield on the US 10-year note easing to 2.86% (-3bps). WTI fell 2.8% to $60.80/bbl and gold eased 0.6%."