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Risk assets saw a respite from the relentless selling pressure in overnight trade as US stock market futures turned higher, but that rally may prove to be short-lived.

On Monday, we flipped the calendar into a new week, month, and quarter, and beyond the weather getting cooler (at least for Northern Hemisphere readers!), that means that we’re on the verge of another quarterly earnings season for US stocks.

As my colleague Fawad Razaqzada noted earlier today, the US dollar has caught a bid today after traders reevaluated yesterday’s FOMC meeting and deemed it moderately hawkish.