US economy losing momentum as data underwhelms
US economic data has disappointed sharply, with dairy prices rising and the USMCA trade deal under strain.
The US economy is showing signs of weakening, with economic indicators coming in significantly below expectations. Dairy prices have risen amid the slowdown. The USMCA trade deal faces challenges, while Chinese households are becoming more risk averse. The New Zealand dollar has risen to 58.8 US cents.
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interest.co.nz
Breakfast briefing: US economy losing momentum
Dairy prices rise; US data very underwhelming; USMCA trade deal on the ropes; China households risk averse; Australia sentiment less negative; UST 10yr at 4.71%; gold down; oil prices up again; NZ$1 = 58.8 USc; TWI-5 = 62.3