Dorothea
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Canadian dollar gets spanked, BoC holds rates
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rate at 5%. This marked a sixth straight pause a
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US UoM Consumer Confidence Index declines to 77.9 in April vs. 79 expected
Consumer confidence in the US weakened in early April. UoM survey showed one-year and five-year inflation expectations edged higher. Consumer confidence in the US weakened in early April, with the University of Michigan's Consumer Sentiment Index edging lower to 77.9 from 79.4 in March. This reading
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Inflation developments vary in the CEE region
On the radar March’s inflation rate in Romania arrived at 6.6% y/y while in Hungary it landed at 3.6% y/y. Today, Serbia’s central bank holds a rate setting meeting. Economic developments Today, we summarize inflation rate development in March and throughout the first quarter. In Czechia and Poland
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ECB and US CPI in the headlights this week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision from +275,000 to +270,000). This marked the larg
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Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
It's a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry
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