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Forex Flash: Emerging market asset performance weakens – Goldman Sachs

FXstreet.com (Barcelona) - Over the past several months, Emerging Markets (EM) asset performance has been weak across a wide set of markets. Cyclical EM assets (equities, FX and credit) have underperformed, while counter-cyclical assets (yields) have outperformed. “While this weakness coincides with a deterioration of the global macro data picture, it appears to be deeper than the data would suggest. There are three potential explanations, EMs represent a buying opportunity, they are a ‘canary in the global growth coal mine’, and they reflect common constraints and challenges faced specifically by EM economies, rather than broader global cyclical.” notes the Economics Research Team at Goldman Sachs.

Forex: EUR/USD around 1.3065/70 after US data

The bloc currency advanced some pips to the area of 1.3065/70 after the marginal change in the weekly report on the US labour market. The report showed that Initial Claims rose a tad to 352K in...
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Forex: USD/JPY steady above 98.00 after US jobless claims

The US dollar held pretty steady against the yen, only pulling back a few pips, after a report showed US jobless claims unexpectedly rose by 4K to 352K last week.
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