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US business activity continued to increase in April, but the rate of expansion slowed amid signs of weaker demand. The latest rise in output was the smallest in the year-to-date reflecting reduced rates of growth and falling orders in both the manufacturing and services sectors. April saw an overall reduction in new orders for the first time in six months. ...
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The dollar has returned to consolidation mode after last week's run on the upside. Friday's March core PCE deflator release remains the biggest number of the week and will determine whether US short-dated yields need to rise any further. Indeed, many investors might find US two-year Treasury yields very attractive at 5% given the dangerous geopolitical ...