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Japan finance minister Suzuki concedes that a weak yen has pros and cons
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European Central Bank speakers on Friday include Schnabel, de Cos
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Bank of England Chief Economist Huw Pill is speaking on Friday
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ANZ says the RBNZ has no tolerance for delays in the return of inflation to target
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Bank of Japan Governor Ueda will speak today, from 0235 GMT (2135 US Eastern time)
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Singapore January NODX surges to +16.8% y/y vs. +5.4% expected and -1.5% in December
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More from Fed’s Bostic: expects more progress on inflation, but could be bumpy
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Weak verbal intervention on the yen from Japan’s finance minister Suzuki
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Former Fed economist says the Fed is needlessly delaying rate cuts – “the risks are real”
Claudia Sahm in the Financial Times (gated).Sahms argues that the rise of 525bp in the Fed Funds rate in 2 years, while placing the housing market under pressure, is also squeezing prices higher as people who have low, fixed-rate mortgages are unwilling to sell. New...
Bostic says the Fed is likely to consider rate cuts soon, but doesn’t face urgency
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Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues
GOLD PRICE FORECASTGold prices advance following disappointing U.S. economic dataAll eyes will be on the U.S. PPI report on FridayThis article explores key tech levels to keep an eye on in XAU/USDMost Read: EUR/USD Gains After Weak US Retail Sales but US PPI Poses...
JP Morgan says economic growth in China has steadied, will improve
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5 reasons the RBA will not cut rates in 2024, & the jobs market data makes it more certain
The employment report from Australia yesterday was a shocker:The consensus take on the report is that this cements no further rate hikes from the Reserve Bank of Australia. In addition, market pricing shifted from a 25bp rate cut in November to a cut in September....
UBS remain positive on commodities over the medium term
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Market chatter that ECB will ‘tweak’ its statement in March, odds of June rate cut firming
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US stocks close higher. S&P now up on the week.
US stocks are closing higher for the 2nd consecutive after tumbling on Tuesday after the stronger US CPI data. The Dow and S&P are now in positive territory for the week. The Nasdaq is still down on the week, but chipping away at the sharp -1.8% fall on Tuesday....
Forexlive Americas FX news wrap: US dollar gives back the CPI gains on light retail sales
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New Zealand data – January manufacturing PMI 47.3 (prior 43.1)
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