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Euro Weakens Against Some Majors
The euro dropped against some of major counterparts in the New York session on Thursday. The euro touched 0.9745 against the franc, its lowest level since April 23. Against the yen, the euro reached as low as 164.32. The euro touched 1.6340 against the aussie, 1.8007 against the kiwi and 1.4641 agai
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Philippines Manufacturing PMI Improves In April - S&P Global
The manufacturing sector in the Philippines accelerated in April, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.2. That's up from 50.9 in March, and it moved further above the boom-or-bust line of 50 that separates expansion from contraction. New ord
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More evidence that cooling price inflation was transitory
If the hotter-than-expected March CPI data wasn't enough to convince you, there is more evidence that the "cooling inflation" we saw late last year was transitory. The media tends to focus on the Consumer Price Index but the Federal Reserve's favorite inflation measure is the Personal Consumption Ex
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Worst of both worlds: Are the risks of stagflation elevated? – Part II
Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. Episodes vary in severity, but each posed unique challenges to monetary policymakers. In this second report, we briefly review his
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USD/CHF holds below 0.9150, US GDP data looms
USD/CHF drifts lower to 0.9145 on the softer US Dollar on Thursday. The hawkish tone of the US Fed has lifted the USD, creating a tailwind for the pair. Switzerland’s ZEW Survey Expectations rose to 17.6 in April, compared to 11.5 prior. The USD/CHF pair trades on a weaker note near 0.9145 during th
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Mexican Peso gains after weak manufacturing PMI data hits peers
The Mexican Peso is trading higher in most key pairs after the release of weak manufacturing data hits its counterparts. Manufacturing PMI data out on Tuesday was lower than expected across the board. USD/MXN’s short-term trend has probably reversed from bullish to bearish. The Mexican Peso (MXN) tr
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