Way back in January I wrote, The Party Starts When ADXY Falls Below 114. It bounced during the year, but is again approaching support and the weak yen is probably going to be the catalyst that finally breaks support and sets off currency devaluation in Asia. The ADXY is 36.9% CNY, 11.8% HKD, 11.6% KRW, 11.5% SGD, 9.2% INR.
BEA: Real GDP increased at 1.6% Annualized Rate in Q1
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From the BEA: Gross Domestic Product, First Quarter 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an *annual rate of 1.6
percent ...
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