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GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data
GBP/USD loses traction around 1.2430 amid the firmer US dollar on Friday. The Fed’s hawkish comments boost the Greenback against the GBP. BoE’s Greene said rate cuts were not imminent and that inflation remains too high. The GBP/USD pair remains on the defensive near 1.2430 during the early Asian se
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U.S. Leading Economic Index Unexpectedly Dips 0.3% In March
The Conference Board released a report on Thursday showing an unexpected pullback by its index of leading U.S. economic indicators in the month of March. The report said the leading economic index fell by 0.3 percent in March after rising by 0.2 percent in February. The modest advance in February ma
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UK CPI: Not what BoE wants to see after stronger-than-expected wage numbers – TD Securities
Analysts at TD Securities note that UK inflation data came in stronger than expected in March, with headline inflation falling to 3.2% y/y and core declining to 4.2% y/y. This is not what the BoE wants to see "Services, which matters the most to the Bank of England (BoE), edged down just 0.1ppts to
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Sensex, Nifty Set To Extend Losses On Rate, Middle East Worries
Indian shares look set to open lower on Tuesday amid escalating tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory. Media reports suggest that Israel has reviewed military plans for a potential response against Iran. The war cabinet reportedly remains determined t
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South Korea Export Prices Rise 0.4% On Month, 2.6% On Year In March
Export prices in South Korea were up 0.4 percent on month, the Bank of Korea said in Tuesday's preliminary report - slowing from 1.6 percent in February. On a yearly basis, export prices climbed 2.6 percent - easing from 4.5 percent in the previous month. Individually, export prices for agricultural
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Japan’s PM Kishida: Discussed strengthening supply chains, diplomatic and security issues with Biden
Japanese Prime Minister Fumio Kishida said on Friday that he “discussed strengthening supply chains, diplomatic and security issues during the summit with US and Filipino leaders.” Additional quotes No decision on whether to hold the trilateral summit regularly but agreed that these meetings are imp
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