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EMU: Annual PPI falls in April against forecasts

FXstreet.com (Barcelona) - The Eurozone Producer Price Index slid 0.2% in April, compared with the 0.6% rise in March, Eurostat reported on Tuesday. Market consensus pointed to 0.3% growth.

Month-over-month EMU PPI fell 0.6%, down from the 0.2% decrease and below expectations of -0.2%.

Flash: Majors surge against USD - OCBC Bank

Emmanuel Ng of OCBC Bank notes that the majors surged against USD on Monday following disappointing US ISM data.
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Flash: RBA on hold, but still believes AUD is overvalued - Nomura

Nomura economists note that the RBA kept its policy rate unchanged at 2.75%, in line with market expectations.
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