Crofts
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IMF releases new world economic outlook
On the radar Polls prove correct – HDZ is the relative winner securing 61 seats in the 151-seat parliament. Right-side Homeland Movement looking like the natural coalition candidate, after winning 14MP’s. Today, current account data will be published in Slovakia (10.30 AM CET) and later in Serbia. T
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ECB’s de Guindos: Appropriate to reduce monetary restriction if inflation conditions are met
"If our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase our confidence that inflation is converging to our target in a sustained manner, it would be appropriate to reduce the current level of
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Singapore Non-Oil Domestic Exports Plunge 20.7%
Singapore's non-oil domestic exports decreased for the second straight month in March, data from Enterprise Singapore showed on Wednesday. Non-oil domestic exports slumped 20.7 percent year-over-year in March, much faster than the 0.2 percent slight fall in the previous month. The decline was driven
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FX Daily: From Fed dependence to Fed divergence
The dollar momentum is consolidating after the ECB and Bank of Canada have signalled a desire to diverge from the Fed. That can place the market on a path of de-linking Fed rate expectations with those of central banks – a dollar-positive development. In Sweden, low inflation and a weak krona are ma
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AUD/USD plummets to the 0.6500 support area after the US CPI release
Strong US CPI figures have sent the Aussie tumbling. US CPI accelerated 0.4% in March against expectations of a 0.3% reading. The yearly inflation jumps to 3.5% from 3.2% in the previous month AUD/USD is under pressure again, with support levels at 0.6480 and 0.6445 on the bears’ focus Australian Do
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Japan Producer Prices Rise 0.2% In March
Producer prices in Japan were up 0.2 percent on month in March, the Bank of Japan said on Wednesday. That was shy of expectations for an increase of 0.3 percent and was unchanged from the February reading. On a yearly basis, producer prices rose 0.8 percent - matching forecasts and up from 0.7 perce
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Pull-up Update