Swiss Economicblogs.org
EM ended last week on a soft note, and that weakness seems likely to carry over into this week. Dollar sentiment turned more positive after firm retail sales data on Friday, though US rates markets have yet to reflect any increase in Fed tightening expectations. Over the weekend, China reported weaker than expected April IP, retail sales, and fixed asset investment. This continues a string of weak data for the month, and will undercut notions that the world’s second largest economy is...
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