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Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
Global stocks rallied on Monday, with the Nasdaq approaching its June record high, driven by renewed optimism around artificial intelligence. Investors also reacted positively to a fourth consecutive decline in global oil prices.
The US is holding a 4-week Treasury bill auction, a direct supply event for near-term USD money-market liquidity and discount-rate pricing.
The US Treasury holds a 4-week bill auction, according to the feed, with no auction yield, size, or results provided.
U.S. markets face the 8:30AM ET release of July PPI measures and weekly jobless claims, with Cleveland Fed President Beth Hammack and Richmond Fed President Thomas Barkin also scheduled to speak.