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Mar 25, 2015
US CPI data doesn’t point to major inflation undershoot – BTMU
The US CPI data released yesterday indicates that fear of low inflation in US is unlikely to escalate, as wage growth would be the true determinant of the Core CPI levels rather than the dollar strength, notes Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ.
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Mar 25, 2015
GBP/USD lifted above 1.4880
GBP/USD bounced-off 1.49 handle and remains elevated in the mid-European session, as the pair seems mainly driven by US dollar moves in a relatively dry GBP economic calendar ahead of US macro data and Fed’s Evans speech later in the day.
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