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Soft US Data Trimmed Hopes of Fed Rate Hike In June

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Markets were quite on Monday as most of Europe was still on holiday. In the US, Wall Street climbed modestly higher, USD slipped while Treasury yields were lower. Fed funds rate hike expectations were weighed down by disappointing inflation and spending data. Ahead of Fed Chair Janet Yellen’s speech at the Economics Club of New York today, the market has priced in only a small probability of rate hike in June…

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