Category: sixmonth
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Australia’s Headline CPI Jumped to Six-Month High of 4.0% in May
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The Australian CPI report for May surprised market expectations, with headline inflation rising from 3.6% to 4.0% y/y in May versus consensus of 3.8%. Components of the report indicated that the gains were driven by increases in housing, transportation, and tobacco prices. Link to Australian CPI report for May 2024…
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Why Has Avalanche’s (AVAX) Price Tanked to a Six-Month Low?
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The Avalanche blockchain’s native token AVAX is in severe pain this weekend, falling more than 10% at one point in a decline to its lowest level since December 2023. Over the past 24 hours, the token fell from $27.87 to an intraday and six-month low of $24.92, according to CoinGecko.…
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US consumer sentiment at six-month low; inflation expectations rise By Reuters
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Written by Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a six-month low in May as households worried about rising costs of living and unemployment, but economists cautioned against drawing conclusions about the implications for the economic outlook. The larger-than-expected decline in sentiment reported by the University of…
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Dollar nears six-month high after pre-Fed data shock, yen steady By Reuters
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By Harry Robertson LONDON (Reuters) – The dollar rose toward its highest level since November on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day after data on Tuesday showed more signs of inflationary pressures in the U.S. economy. Meanwhile, the yen remained steady after falling…