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Stronger than expected data and hawkish FOMC minutes helped lift US rates and the greenback last week. That market continues to also reduce the extend of ECB easing this year is notable but did not prevent the euro from snapping a five-week advance. The 10-year Japanese government bond yield rose above 1% last week for the first time since 2012, but the US ...
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European Central Bank Governing Council member Fabio Panetta said the time is right for an interest-rate cut next month. “I believe we have the conditions for a change in monetary policy” at the June 6 decision, Panetta told reporters in Stresa, Italy. “We have our mantra of deciding meeting by meeting, but I do believe that the consensus has widened and ...
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