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Yen Set for Strongest Week in 3 Months, Carry Trades Unwind

SINGAPORE, July 26 Reuters The yen was poised for its strongest week in nearly three months on Friday as traders unwound longheld bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near threemonth high of 151.945 per […]
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Chinas Rate Cuts Sequence Hints at Reduced Role for MLF

SHANGHAI, July 26 Reuters China39;s latest series of rate cuts show the central bank39;s monetary framework has changed, analysts said, with the shortterm repo rate becoming the primary signal and a diminished role for its mediumterm lending facility MLF. CONTEXT The People39;s Bank of China PBOC surprised markets this week by first cutting several key rates including loan prime […]
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China Veers Off Beaten Path with Consumer Stimulus

China repurposes some debt for consumer goods tradein scheme Move marks small shift in how Beijing thinks about stimulus Programme limited in scale and marred by 39;inefficiencies39; economists BEIJING, July 26 Reuters China39;s use of ultralong treasury bonds to fund a consumer goods tradein programme deviates from the usual playbook of boosting investment to support […]
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Ford Profit Disappoints, Stock Falls 11 as Quality Issues Dog Automaker

Ford operating profit misses analysts39; expectations Ford maintains fullyear outlook Investors express frustration with Ford39;s progress despite management39;s optimism Reuters  Ford Motor reported a dip in secondquarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11 in […]
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South African Rand Weaker, Focus on US Economic Data

JOHANNESBURG, July 25 Reuters The South African rand was weaker in early trade on Thursday, ahead of U.S. economic data readings that could give hints on the future interest rate path of the world39;s biggest economy. At 0631 GMT, the rand traded at 18.42 against the dollar , about 0.2 weaker than its previous close. […]
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