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The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose ...
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The ECB will start with gradual rate cuts next week while important US macro data will give clues for the path for US rates ahead. We are skeptical that risk-sensitive currencies, such as the NOK will continue to rally. Even with core inflation coming in today a tad above expectations, the ECB will start gradually lowering rates next Thursday to 3.75% from ...
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