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The the risk on trade appears to have begun again in the US with the ex-FBI Chief James Comey’s testimony to the Senate Committee passing off without any significant revelation.
The House of Representatives passed a bill to roll back the Dodd-Frank law. The markets have taken the outcome of the UK elections in its stride.
In the coming week, he expects the US Fed to hike rates on January 14 by 0.25 percent. This is already discounted in the US and Indian markets as well. Markets could gather scheme after the meeting.
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