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May 10, 2024 6:26 AM UTC
The economy may have been in only mild recession in H2 last year, but the ‘recovery’ now evident is much clearer than any expected with GDP growth notably positive. Indeed, coming in more than expected, and despite industrial action, GDP rose by 0.4% m/m in March accentuating the upgraded boun
May 10, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback reversed its earlier gains on higher initial claim figure. KRW saw the largest losses of 0.52%, followed by TWD 0.14%; the biggest winners are SGD 0.22% CNH 0.1%, CNY 0.07%, THB 0.06%, HKD 0.04%, INR and MYR 0.01%.
USD/C
May 9, 2024 10:22 AM UTC
Bottom Line: Central Bank of Turkiye (CBRT) released the second quarterly inflation report of the year on May 9, and lifted end-year inflation prediction from 36% to 38% citing that the rebalancing process for demand will be more delayed compared to what was projected that in the first inflation rep