Hobbes
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The Yen is far from being saved from further weakness โ Commerzbank
USD/JPY scratched the 152.00 level. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes the pairโs outlook. The MOF's firepower is in principle limited Unlike in the 1990s and early 2000s, this time the direction of intervention (supporting the JPY) is one in which the MOF'
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USD/CAD rises to 1.3570 as US Dollar advances on firm US economic outlook
USD/CAD climbs to 1.3570 amid firm US Dollar. The appeal for the US Dollar strengthens on upbeat US economic outlook. The Canadian Dollar weakens as BoC rate cut bets escalate. The USD/CAD pair jumps to 1.3570 in the early New York session on Friday. The Loonie asset advances as appeal for the US Do
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Philly Fed Index Indicates Modestly Slower Growth In March
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in regional manufacturing activity in the month of March. The Philly Fed said its diffusion index for current general activity slipped to 3.2 in March from 5.2 in February, although
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EUR/USD should find steady support on minor dips โ Scotiabank
EUR/USD dips on soft PMI data. Economists at Scotiabank analyze the pairโs outlook. Daily and weekly trend momentum signals are bullish Preliminary March data from France was weaker than expected across the board while the German Manufacturing print (41.6) was also well below forecasts and Februaryโ
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Cyclical outlook: Known unknowns
In the US, the latest Survey of Professional Forecasters (SPF) of the Federal Reserve Bank of Philadelphia paints a rather upbeat picture of the economic outlook. A similar survey of the ECB points towards a gradual pickup in growth this year. In both cases, the level of disagreement is low. This pr
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