The index now trades on a firmer foot and pokes with the key barrier at the 102.00 region on the back of the continuation of the selling bias in the risk-associated universe, while further upside in US yields across the curve also collaborates with the daily uptick.
In the meantime, bets on a 25 bps rate hike by the Federal Reserve at the May 3 event remain on the rise and look propped up by hawkish Fedspeak, while the still elevated inflation also seems to maintain the prudent stance among investors.
In the US docket, the NY Empire State Manufacturing Index improved to 10.8 for the current month. Later in the session, the NAHB Housing Market Index and TIC Flows are both due.
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