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US Dollar Extends Reversal Despite Fed Outlook, S&P 500 Rebounds in Thin Liquidity

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The near-miss for the S&P 500 last week with the official ‘bear market’ tag leaves the market in a fragile position. Will thin liquidity help reduce the risk or amplify it? Meanwhile, the Dollar is retreating fast, but Powell remarks and May PMIs can upend exchange rates and speculative comfort. 



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