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Pound edges lower as UK labor market cools
The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment report. The economy shed 178,000 job
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U.S. government ran big surplus in April but don't get excited
The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon. The Biden administration ran a $209.5 billion surplus in April thanks to an influx of revenue as people filed th
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European Stocks Close Higher Again, End Week On Bright Note
European stocks closed higher on Friday, with several markets hitting fresh record highs, as investors reacted to some positive economic data and earnings updates, and continued to remain optimistic about interest rate cuts by central banks in the coming months. Bank of England's dovish rate decisio
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USD/JPY Price Analysis: Could test 156.00 due to the hawkish bias
USD/JPY could test the psychological level of 156.00 followed by the upper boundary of the ascending channel. The bullish trend would be confirmed if the MACD line crosses over the signal line. The 14-day EMA at 154.89 appears as the immediate support. USD/JPY continues its winning streak for the fo
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Portugal Jobless Rate Rises In Q1
Portugal's unemployment rate increased in the March quarter, figures from Statistics Portugal showed on Wednesday. The jobless rate rose to 6.8 percent in the first quarter from 6.6 percent in the preceding three-month period. In the corresponding quarter last year, the unemployment rate stood at 7.
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Estonian Inflation Eases To 3-Year Low
Estonia's consumer price inflation eased for the third straight month in April to the lowest level in three years, preliminary figures from Statistics Estonia showed on Wednesday. The consumer price index climbed 2.8 percent year-over-year in April, slower than March's 3.9 percent increase. Further,
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Philippine Inflation Rises To 4-Month High
The Philippines' consumer price inflation rose slightly in April to the highest level in four months, largely driven by increased food costs, data from the Philippine Statistical Authority showed on Tuesday. The consumer price index, or CPI, climbed 3.8 percent year-over-year in April, after a 3.7 p
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