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Analysts: “US’ move to relax ban on Huawei a goodwill gesture – Global Times

The Global Times is out with analysts’ take on the US’ softened stance on China’s Huawei technology company, citing:

“US’ move to relax ban on @Huawei a goodwill gesture as officials talk on phone to get ready for resuming #tradetalks, but that’s not enough to show the US’ sincerity in the trade talks and concrete actions are needed on the US side.”

China: CPI inflation increased to 2.7% in May - TDS

TD Securities analysts note that China’s CPI inflation increased to 2.7% y/y in May, driven largely by a 7.7 y/y increase in food prices. Key Quotes “
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US Dollar Index around 97.50 ahead of Powell, FOMC

The greenback, tracked by the US Dollar Index (DXY), is trading without clear direction on Wednesday around the 97.50 area. US Dollar Index focused on
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