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Trade data upside surprise with AI demand – Deutsche Bank

Deutsche Bank strategists note that China’s latest trade figures significantly beat expectations, with both exports and imports accelerating in June. Strong global demand for AI-related and technology goods offset geopolitical pressures, widening China’s trade surplus well beyond consensus. This robust external performance contrasts with broader concerns over global growth and…

British Pound strengthens after US CPI surprises to the downside

The British Pound (GBP) strengthens against the US Dollar (USD) on Tuesday after US inflation data surprised to the downside, reducing expectations of a near-term Federal Reserve (Fed) interest rate hike. At the time of writing, GBP/USD trades around 1.3415, up nearly 0.50% on the day and hovering near a one-month high.The US Consumer Price Index (CPI) fell 0.4% MoM in June, following a 0.5% rise in May. The reading came in below the forecast…

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