Month: June 2018

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  Yonhap report that "North Korea makes rapid improvements to nuclear facilities"

  In South Korean media today, citing a US source (38North) --- Yen seems to be ignoring such reports. I posted something similar last week, which[...]
  2018-06-27 07:27:08

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  Trump economic official Everett Eissenstat to resign

  Everett Eissenstat is the latest to leave the White House He is a top economic adviser  - on trade, international issues  via Politico: Departures at[...]
  2018-06-27 07:27:08

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  DB on FX: a lower US dollar. & Forecasts for USD/JPY, EUR/USD, S&P500, oil

  This via Deutsche Bank Research, their latest is titled: Trade War Tensions Just a few snippets from the report on forex: Dollar pressured longer term[...]
  2018-06-27 07:27:08

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  BoA/ML on the trade wars impact: "a notable drag on growth"

  A bit of commentary from the banks on the trade war so far, via Reuters    Bank of America / Merrill Lynch  U.S. economists Joseph[...]
  2018-06-27 07:27:08

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  USD/JPY sold into the Tokyo fix

  Some selling has taken USD/JPY under 110 This happened going into the Tokyo fix Fixings coming through under 109.95 after the USD/JPY had managed to[...]
  2018-06-27 07:27:08

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  NZ data - Business Activity Outlook +9.4% in June (+13.6% prior)

  Business confidence dropped though, comes in at -39 (from -27.2 prior) From ANZ Business Survey for June - Confidence to a 7 month low, the[...]
  2018-06-27 07:27:08

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  Russian energy minister Novak met with Mnuchin - discussed Russia sanctions

  The two discussed US sanctions on Russia  I guess something to watch on this is the desire Trump has expressed for lower gasoline prices -[...]
  2018-06-27 07:27:08

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  China industrial profits for May: +21.1% y/y (prior +21.9%)

  China data for May showing strong industrial profits, barely down on May  Of course the perennial concern is how they'll be going forward ….. rinse,[...]
  2018-06-27 07:27:08

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  China Comm Ministry to assess impact of expected US investment restrictions

  China Commerce Ministry says it will assess the potential impact on Chinese firms of expected US investment restrictions Meanwhile the PBOC is doing its bit[...]
  2018-06-27 07:27:08

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  AUD/USD, NZD/USD both on the slide (and against the yen, fuggedaboudit!)

  The New Zealand business survey for June (ANZ conducts this) showed a marked deterioration in business sentiment This weighed on the NZD but the selling[...]
  2018-06-27 07:27:08

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