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  • From the FT in London, here's the latest on markets.

  • Donald Trump's been to congress overnight and traders and investors were clamouring for detail.

  • Detail on taxes, detail on infrastructure spending.

  • What they got was Donald Trump.

  • A more conciliatory Trump to be sure,

  • this was no rerun of his American carnage inauguration speech,

  • BUT, he was light on detail.

  • Now, that might be expected to deliver a blow to the dollar,

  • which has been boosted by expectations that has promised spending splurge will jack up inflation, but enter stage left.

  • Bill Dudley, Influential New York Fed Chief,

  • who said yesterday that case for raising rates again reasonably soon has become more compelling.

  • Suddenly, expectations for another rate-rising March have shot up.

  • It now stands at 80% from 50/50 yesterday.

  • The dollar is at a six-week high.

  • Over in supposedly politically-stressed Europe, new business survey data showed that manufacturing is having its strongest run since 2011,

  • painting a picture of an increasingly robust industrial recovery.

  • Today's first batch of regional German inflation figures also suggest the national rate is running at over 2%.

From the FT in London, here's the latest on markets.

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Dollar hits six-week high, strong EU data | Market Minute

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    Colleen Jao posted on 2017/03/03
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