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MUFG expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.1050. According to MUFG; “A fourth consecutive monthly upside inflation surprise is required to inject fresh upward momentum into US rates and the USD in the near-term. Whereas in line or softer prints could see the USD give back more of the gains from the start of this year.” ...
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Not long ago, economists argued in public over basic economic policy issues. Foremost among the debates was the clash over equity and efficiency. Efficiency promotes economic growth and overall prosperity. Equity deals with how much of people’s income should be shifted to the less fortunate. Generally, more equity risks less efficiency, hence the so-called ...
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