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Asian Session: Japanese Core CPI Falls
07/31/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Risk appetite remained firm in the Asian session, following the US equity markets higher: However, European indexes have turned red and, with them, the USD has begun to retake lost ground. In Japan, core CPI fell by -1.7%, the largest annual decline ever recorded, while unemployment increased to 5.4%. The soft labour market is clearly taking its toll on consumer confidence, as household spending… | ||||||||||||||||||||
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