Sovereign hedge unwind?
Crude prices rapidly recovered from last week’s slumpy yesterday, with ICE Brent front-month contract rallying by more than 5%, to reach 69.3 $/b on early…
No big moves on financial market. January US inflation figures came out a bit below expectations, which reinforced the wait-and-see attitude and perplexity in a context of raising inflation fears. The main market mover will be jobless claims data today. The EUR/USD was stable yesterday around 1.2130.
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