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Risk trades climb as stocks hit two-day high
The S&P 500 is picking up momentum, up 18 points to 1313 and clearing Friday’s high of 1312. It’s still a long way to go to cover the 7 consecutive daily losses but this is enough to get some shorts thinking twice. AUD/USD is at a session high and closing in on Friday’s high of 0.9884. Some offers seen at 0.9895/00 with stronger hands up at 0.9920/25. USD/JPY is struggling to gain traction with corporate offers lurking at 79.50.