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Fed's Kaplan: Growth will still be enough to lower jobless rate

Following are the key headlines crossing the wires, via Reuters, from Federal Reserve Bank of Dallas President Robert S. Kaplan’s speech:

  • Q2 GDP estimate was surprisingly low
  • First quarter GDP was disappointing
  • Q2 held down by inventory drawdown
  • Headwinds from dollar and energy should dissipate
  • Sees 2% GDP this year but could be 1.8%-1.9%
  • Gradually working towards 2% inflation
  • Monetary policy cannot solve structural drags on growth
  • Neutral rate has gone down
  • Fed policy isn't as accommodative as it might appear

USD/CHF rebounds after falling to 0.9635, 5-week low

USD/CHF dropped further during the American session and bottomed at 0.9635, the lowest level in a month. From there it rebounded trimming losses...
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Mexican economy weakened considerably during Q2 - Wells Fargo

According to analysts from Wells Fargo, economic weakness in Mexico continued during the second quarter of 2016.
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