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New Zealand Manufacturing PMI Data Due On Friday
(RTTNews) - New Zealand will on Friday see June results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In May, the index score was 47.5.
Australia will provide July inflation expectation data from the Melbourne Institute; in June, inflation was seen higher by an annual 5.0 percent.
Malaysia will release May numbers for industrial production; in April, production was up 2.7 percent on year.
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Canadian Dollar Slides As Trump Announces 35% Tariffs On Canadian Imports
The Canadian dollar weakened against other major currencies in the Asian session on Friday, as Trump proposed 35 percent tariff on Canadian goods and warned that any fiscal retort from the country will be tacked onto the 35 percent set to take effect Aug. 1.
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Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Friday.
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Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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European Shares Seen Lower Amid Trump Tariff Jitters
European stocks are seen opening broadly lower on Friday as U.S. President Donald Trump amped up trade threats, fueling uncertainties around the inflation and growth outlook.
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European Economic News Preview: UK GDP, Foreign Trade Data Due
Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. Economists forecast the economy to grow 0.1 percent on a monthly basis in May, in contrast to the 0.3 percent fall in April.
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Sensex, Nifty Open Lower; IT Stocks Tumble As TCS Disappoints
Indian shares opened lower on Friday as U.S. President Donald Trump pushed through with his tariff agenda, fueling uncertainties around the global tariff war.
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