Trade fears shake US builders
US average long-term mortgage rates rise; 30-year at 3.81% U.S. long-term mortgage rates up this week, with the average rate on the key 30-year mortgage now at 3.81% Jul 18
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EUR/USD risks falling below key support at 1.1193 as markets seem to have scaled back expectations of Federal Reserve (Fed).
Cooling pay growth in the US "takes some of the pressure off" stocks but the labour market continuing to tighten suggests that inflation fears will persist, argued James Ingram of MB Capital. He added: "Throw in a potential trade war between the US and the EU and the US economy could be headed for a perfect inflationary storm later this year.
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· The United States is moving forward with new import duties on Canadian softwood lumber, the commerce department announced thursday, escalating a long-running spat between the two countries at a.
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