A calmer mood awaits European traders in the session ahead ...Middle East

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A calmer mood awaits European traders in the session ahead
Major currencies are mostly little changed as broader markets are taking a bit of a breather so far today. The US CPI data yesterday produced a chaotic reaction as the dollar went up and down, before moving back up slightly again in the aftermath. That comes as bond yields also firmed but equities had other ideas as tech stocks rallied hard.That is making it tough to get a good grasp on things but the Fed pricing now shows that odds of a June rate cut are at ~76% with 84 bps worth of rate cuts priced in for the year. It will now come down to whether the Fed sees fit to guide markets towards a move in June or preferring to keep their options open.But so far today, equities are more muted whil

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