February 3, 2023

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US futures fall further ahead of North American trading

1 min read

S&P 500 futures now down 1% on the day

It’s not a good look for risk ahead of North American trading later, as futures are pointing to a modest decline with European equities also struggling and down over 1%.

This is keeping the dollar in a more positive mood in FX, with EUR/USD now slipping back under 1.2200 to session lows. Elsewhere, crypto is still being pressured as Bitcoin is down 11% near the lows for the day close to $38,500.

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Looking ahead, bear in mind that we still have the Fed minutes to go through later in the day so that will be one to watch in case it plays a role in shifting risk sentiment.

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