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Japan likely spent JPY3.37 to JPY3.57 trillion for July 11 Yen intervention – BoJ data

Data released by the Bank of Japan (BoJ) on Friday showed that Japanese authorities may have spent  JPY3.37 trillion to JPY3.57 trillion on July 11 to stem the rapid decline in the local currency, per Reuters.

China New Loans below expectations (2200B) in June: Actual (2130B)

China New Loans below expectations (2200B) in June: Actual (2130B)
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More on inflation, deflation, and China’s trading anomalies – UBS

US consumer price inflation details continue to suggest that US rate cuts are overdue, UBS macro analyst Paul Donovan notes.
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