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FOMC Yet to Reach Consensus over Balance Sheet Reduction; Oil Prices Slumped on Renewed Supply Concerns

The rally in US dollar and Treasury yields after the release of the FOMC minutes proved short-lived. The DXY index rose to a one-week high of 96.51 before pulling back to 96.29, up a+0.07%, at close. 2-year Treasury yields slipped -2 points to near 1.41% while 10-year yields also dropped -2 points to about 2.33%.

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FOMC Yet to Reach Consensus over Balance Sheet Reduction; Oil Prices Slumped on Renewed Supply Concerns

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