With a relatively light economic calendar and little central bank speak to add volatility in between top tier data, traders seemed to make most of their moves around U.S. inflation updates, which this week, lessened the case for the Fed rate cut argument. This was characterized in the broad market by the rally in bond yields and the Dollar recovering from its recent beatdown, while equities, crypto and gold gave back a bit of their early March gains.

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This post first appeared on babypips.com

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