The Japanese Yen has a second buyer nobody will name

Thursday’s record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number of banks through the New York Fed that it may enter the market and they…

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Canada May GDP 0.3% versus 0.2% expected

Prior 0.6% (was 0.5%) Real GDP: +0.3% m/m vs 0.2% estimate and marking the second consecutive monthly increase. Broad-based growth: 13 of 20 industrial sectors posted gains during the month. Goods-producing industries: +0.6%, with most sectors contributing to the increase. Services-producing industries: +0.2%, led primarily by gains in: Real estate and rental & leasing Public administration For June:  Advance…

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