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Macro funds in Asia used the dollar’s drop Thursday as an opportunity to buy it, in particular against the yen, according to traders. A Bloomberg gauge of the currency hit a one-month low after data showed cooling US inflation before recovering through the session and extending gains early Friday. The dollar-yen fell briefly below the 154 level Thursday ...
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Who are the cardholders that became newly delinquent in Q1? They’re cardholders who’d maxed out their credit cards in the prior quarter, having used up 90% to 100% of their available credit, with all their credit cards at or near the credit limit, according to an analysis by the New York Fed of Equifax data. But only 18% of credit cardholders are “maxed ...
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