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April 24, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform mostly individually against the USD as the greenback fell in the New York session with improving sentiment. THB saw the largest losses of 0.18%, followed by CNH 0.13%, MYR 0.07% and CNY 0.02%; while the biggest winner is TWD by 0.17%, IDR 0.09%, KRW 0.08%, PHP 0.06
April 23, 2024 5:36 PM UTC
We expect April’s ISM services index to see a modest increase to 52.0 from 51.6, pausing after two straight declines, leaving the index with no clear trend, and continuing to imply modest expansion.
April 23, 2024 2:16 PM UTC
March new home sales at 693k are stronger than expected, up 8.8% from a downwardly revised February to their highest level since September, though still moving in quite a narrow range with Q2 sales vulnerable to higher mortgage rates.
April 23, 2024 11:55 AM UTC
We expect March durable goods orders to rise by 2.5%, with most of the gain coming from transport, aircraft in particular, but we expect a 0.5% increase ex transport to show some hints of underlying improvement.
April 23, 2024 9:08 AM UTC
European currencies firme rafter better PMIs...
...but little scope for further gains unless US data is surprisingly weak
GBP may rise further unless chief economist Pill sounds dovish
USD/JPY still playing grandmother’s footsteps with the BoJ