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British exports to US suffer record hit from Trump tariffs
UK goods exports to US fell by record 2 billion pounds in AprilMonthly decline of 33% appears sharper than Germany'sExport slump contributed to bigger-than-expected GDP dropBusinesses hope May trade agreement will reverse declineBy David Milliken LONDON, June 12 (Reuters) - British goods expo...Reuters
Thu, Jun 12
US producer prices rebound less than expected in May
WASHINGTON, June 12 (Reuters) - U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statis...Reuters
Thu, Jun 12
Traders boost bets on Fed rate cuts after PPI, jobless claims data
June 12 (Reuters) - Futures that settle to the Federal Reserve's policy rate reflected rising bets that the U.S. central bank will deliver a pair of back-to-back interest rate cuts starting in September, after government data on Thursday showed US weekly jobless claims were steady at elevated le...Reuters
Thu, Jun 12
US: Initial Jobless Claims rose to 248K last week
US citizens filing new applications for unemployment insurance climbed to 248K for the week ending May 31, as reported by the US Department of Labor (DOL) on Thursday. This print came in above the initial estimates and matched the previous week's revised tally.Fxstreet
Thu, Jun 12
US weekly jobless claims steady at higher levels
WASHINGTON, June 12 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week as labor market conditions continued to steadily ease.Initial claims for state unemployment benefits held steady at a seasonally adjusted 248,000 for the...Reuters
Thu, Jun 12
Germany's Bund yield drops to lowest since May on safe haven flows
LONDON, June 12 (Reuters) - Germany's 10-year yield dropped to a near six-week low on Thursday as bonds benefitted from safe haven flows on market jitters about trade and tensions in the Middle East, a day after soft U.S. inflation numbers. Germany's 10-year Bund yield, the benchmark for the...Reuters
Thu, Jun 12
Brent eyes $72 and $75.40 as next resistance levels – Société Générale
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note, Société Générale's FX analysts note.Fxstreet
Thu, Jun 12
A sobering ECB report on the role of the EUR – Commerzbank
Some ECB officials, including the President herself, have recently made no secret of their ambitions to establish the euro as the world's new reserve currency, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Thu, Jun 12
