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Something for your Espresso: The one on Lagarde, Xi and their ilks

Something for your Espresso: The ECB is done!

There is no doubt left that the ECB has hiked for the last time, but the question is whether the doves can get the upper hand in the committee. Focus now shifts to the most important BoJ meeting in many years.

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Ifo Nugget: Now good news are bad news

Ifo Nugget: Now good news are bad news

With today’s release of the total Ifo data from the manufacturing sector we wanted to quickly touch upon the main data points we are looking at. We particularly note that good news in Germany, is now bad news for the EUR, since an uptick in the industry means more gas buying, which in turn means more FX outflow.

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