Babbitt
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USD/JPY inches higher to 153.70 amid a firmer US Dollar
USD/JPY could receive pressure due to revived expectations for the Fed’s interest rate cuts in 2024. US Nonfarm Payrolls reported fresh 175K jobs were added in April, lower than the estimated 243K. Japanese markets are closed on Monday due to a national holiday, with the possibility of intervention
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Fed decision explained and Apple beats the street [Video]
Get the inside scoop on the latest moves in financial markets with our deep dive into recent headlines: Make sense of what the US central bank said this week, how markets reacted and what might come next. Apple shares jumped after the company posted stronger-than-expected sales last quarter alongsid
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Quiet day amid JP/CN holiday as HK continues to outperform
Asia Market Update: Quiet day amid JP/CN holiday as HK continues to outperform; JPY grinds 3-wk high; Apple +6% A/H post-Q2 earnings & $110B stock buyback (US record-high); Focus on US Apr NFP, Apr ISM Services tonight. General trend - Yen continued to strengthen today without apparent intervent
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U.S. Trade Deficit Narrows Slightly In March
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade defic
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US Balance of Payments: Debt complacency needs to be watched
The topic of the US Balance of Payments (BoP) has not received much coverage recently. The good news is that the current account deficit has shrunk and financial inflows more than cover it. However, the deficit has been significantly funded by foreign buying of long-term US debt securities – meaning
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U.S. Manufacturing Index Dips Slightly More Than Expected In April
The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI slipped to 49.2 in April from 50.3 in March, with a reading below 50 indicating contraction. Economists had expecte
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