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Mexico– unemployment to fall slowly in 2H13 – Merrill Lynch

FXstreet.com (London) - Research teams at Merrill Lynch said that the unemployment rate rose to a seasonally adjusted 5.1% in April, continuing the increasing trend that dates to July 2012. We view the increase as temporary and part of the soft patch in the economy in 1H. They expect unemployment to decline in thesecond half, but it will do so slowly, as we expect job creation in agriculture, construction and services to remain weak.

Flash: BRL may test 2009 high - BBH

Ilan Solot, EM Strategist at Brown Brothers Harriman believes that USD/BRL may be positioned to test the March 2009 high around 2.45.
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EUR/JPY holding at 131.00 level after EMU PPI

The EUR/JPY rally was capped at the 131.43 region (European high), after lackluster European data was reported Tuesday.
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