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Fed's Evans: Real economy is doing quite well in the U.S.

Federal Reserve Bank of Chicago’s President Charles Evans was on the wires last minutes, via Reuters, highlighting that one rate hike may be “appropriate” this year.

Key quotes:

  • Sees natural rate of US employment at 4.75%
  • Does not see see inflation reaching 2% before end 2018
  • Economy doing quite well despite uncertainty, headwinds
  • We should aim to get inflation a bit above feds 2% goal
  • Pushing inflation to 2.5% should be manageable
  • Says he expects 1.5 to 1.75% GDP growth in 2016
  • Long-lasting risks if inflation doesn't reach 2%

EUR/JPY consolidates above 113.00

EUR/JPY is falling marginally on Wednesday, consolidating around yesterday’s lows .On Tuesday the pair lost more than a hundred pips and reached...
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AUD/USD consolidates below 0.76 handle on stronger greenback

AUD/USD is currently consolidating below the 0.76 handle, up from lows of 0.7568 and with high of 0.7617.
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