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Eurozone PMI signals a pickup in growth
The PMI increased from 50.3 to 51.4 in April, suggesting that the eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter. Inflationary pressures remain for the service sector, but don’t expect this to deter the ECB from cutting rates. The eurozone e
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Mexican Peso recovers as Middle East tensions abate
The Mexican Peso recovers as tensions in the Middle East abate temporarily. Several sources of geopolitical risk, however, continue to present threats to the Peso. A new Omicron variant of the Covid virus is spreading, though symptoms appear mild so far. The Mexican Peso (MXN), which is especially v
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U.S. Dollar Giving Back Ground Following Recent Strength
After trending higher over the past several days, the value of the U.S. dollar has given back ground during trading on Wednesday. The U.S. dollar index has dipped 0.31 points or 0.3 percent to 105.95, giving back ground after reaching its highest levels in over five months. Currently, the greenback
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BoJ intervention 2022 vs 2024
In September 2022, the BOJ Import Index ran 188.1 to Exports and 131.9 to Imports or a 56.2 difference. The yearly Export to Imports rate of change at a 24% increase was matched by an 85% difference. The Import line for all 2022 from 35.4 to 48.00 increased +52% and a 30% difference while Exports tr
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ECB's Lane: Wage pressures are gradually moderating but remain elevated
"There has been much less progress in relation to domestic inflation compared to broader inflation measures," European Central Bank (ECB) chief economist Philip Lane said, per Reuters. Key takeaways "Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to
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Pull-up Update