New York Session |
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A bad batch of US economic data weighed on the Greenback in NY trading as it gave back gains from the London session. Core producer prices (ex food and energy) were in line with market expectations (0.2%) while housing starts (975k) and industrial production (-0.2%) came in below consensus for May. So while the inflation landscape did not materially change, the US economic outlook likely depreciated as it became a little clearer that the housing market remains in the dumps while
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