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Market Update

U.S. Business Inventories Rise in April

Business inventories in the United States declined by 0.2% in April, official data showed on Tuesday. The reading follows a rise of 0.2% in March. On the annual level, inventories fell by 3.6%, according to the U.S. Department of Commerce. Retail inventories plunged by 1.8%, after decreasing by 1.4% in …

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Turkish Lira Falling Sharply

The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …

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