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WSJ: Senator Joe Manchin weighs leaving the Democratic Party

WSJ: Senator Joe Manchin weighs leaving the Democratic Party

The WSJ reports that Sen. Joe Manchin (D., W.Va.) is contemplating a departure from the Democratic Party to become an independent. During a West Virginia radio program, Manchin expressed his considerations, stating, “I would think very seriously about that. I’ve been...

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A look at the economic calendar for August 11

A look at the economic calendar for August 11

NZD (New Zealand Dollar)6:30pm: BusinessNZ Manufacturing Index - 47.56:45pm: FPI m/m - 1.6%GBP (British Pound Sterling)2AM: GDP m/m - 0.2% (Previous: -0.1%) Prelim GDP q/q - 0.0% (Previous: 0.1%)2 AM: Construction Output m/m - 0.0% (Previous: -0.2%)2 AM: Goods Trade...

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Bonds bleed after a weak auction, USD/JPY climbs higher

Bonds bleed after a weak auction, USD/JPY climbs higher

Bill Ackman no doubt cheered on the result of today's 30-year auction. He advertised a bond bearish bet last week and price action hasn't been great for him so far.That might have changed with weak demand at a $23 billion sale of 30s at an auction today. It tailed by...

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