Dollar Retreats Despite Charged Economic Data, Record US Equities and Rate Forecasts

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S&P 500, US Dollar and Crude Oil Talking Points:

• Monday saw an ambitious charge in US indices led by the S&P 500’s extension to fresh record highs as much of the world was still offline for the holiday
• Despite the rally in US markets, charged Fed rate forecasts and strong data points (917K NFPs and record ISM Services), the Dollar still slipped Monday
• Risk trends may be the most systemic focus ahead but the Dollar’s deviation from fundamentals and the IMF’s updated forecasts will be my top concerns

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