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Risk off flows start to enter as European equities fall

CHF, JPY, USD all bid against the other major currencies ForexLive European equities are slipping across the board and that is starting to exacerbate some risk off flows in markets. It started with the swissie gaining traction as highlighted earlier but that has soon translated into further fall in the euro and sterling in particular…

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North Rhine Westphalia August CPI +0.1% vs +0.3% m/m prior

Latest data released by Destatis – 30 August 2018 – CPI +2.0% vs +2.0% y/y prior ForexLive Slightly weaker monthly inflation estimate but the yearly reading holds steady. All in all, the state readings today points towards a possibly weaker-than-expected national reading on the monthly estimate – which is expected. As for the yearly estimate,…

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Argentina’s peso continues to implode

Hard times in Buenos Aires It’s going to be awfully tough to fund all that external debt with the Argentine peso down nearly 5%. That’s on top of yesterday’s 7% dropped that was sparked by President Macri asked the IMF to speed up the bailout.