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US: PCE rose 0.9% QoQ in Q1

FXstreet.com (Barcelona) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 0.9% QoQ during the first quarter of 2013. The Core reading, which strips the food and energy costs, rose 1.2% QoQ. Prior surveys were calling 1.1% and 1.2%, respectively.

US: Personal Consumption Expenditures Prices (QoQ) up 0.9% in 1Q vs 1.6% in 4Q

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Forex Flash: Bundesbank explains that the ECB is not the lender of last resort - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that the Bundesbank has explained that the ECB is not the lender of last resorts to European governments.
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