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NZ dollar rebounds on sticky inflation report
The New Zealand dollar has bounced back with strong gains on Wednesday, ending a nasty slide of 3.4% which started last week. In the North American session, NZD/USD is trading at 0.5907, up 0.45%. New Zealand inflation falls less than expected New Zealand’s CPI continued to ease in the first quarter
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European indices on the rise, as they continue to outperform their US counterparts
European indices on the rise, as they continue to outperform their US counterparts. US semiconductors in focus after TSMC earnings. Crude slump helps ease inflation fears. European markets are enjoying a strong start to the trading day, as the bulls seek to step in to rescue what has been a pretty d
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GBP/USD pulls back into the negative zone
GBPUSD inches down to a new five-month low. An extension below 1.2400 could generate fresh selling interest. GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its efforts proved unsuccessful, with the pair charting a new lower low
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In like a lion, out like a lion for March Retail Sales
Summary March retail sales handily exceeded expectations with various measures of core spending rising the most in a year or more despite sharp upward revisions. This is not the sort of spending associated with falling prices and brings upside risk to our 2.3% forecast for Q1 consumer spending. Surg
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Pull-up Update