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Today's episode of the Daily Market Update covers the U.S.-China agreement to reduce tariffs by 115% over the next 90 days, sparking a global market rally. The U.S. Dollar is surging, equities are climbing, and gold prices have dropped, reflecting a risk-on sentiment. Haven currencies like the Yen and Swiss Franc have weakened, while the Euro is under pressure due to skepticism around the ECB's easing cycle. Looking ahead, key events include U.S. inflation data tomorrow and the UK's GDP report later this week. Markets are bracing for more volatility.
