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FXstreet.com (Barcelona) - With USD currently hardly going nowhere, and totally flat as the 200 day SMA reflects, according to New York based Westpac's analyst Richard Franulovich, this could start changing, as "We suspect that deeper into Q2 the weaker complexion of the US data will start to bite, sending equities and bond yields lower and the USD higher," Richard says, adding: "The timing coincidently neatly captures a key event risk for markets - the 27 March expiry of the continuing resolution to prevent interruption of US government services," he notes.
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