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Euro In Historic Slide As Dollar Surge, Bond Rout Continues

Euro In Historic Slide As Dollar Surge, Bond Rout Continues

It has been more of the same this morning as the dollar extended its advance on the still undeteremined Trump reflationary policy measures after Yellen signaled an interest-rate hike could be imminent, while bond yields around the globe rose again, metals declined,  European stocks advanced and futures were modestly in the red just shy of all time highs.

Futures Levitate To Session Highs As ECB Enters The Bond Market; Crude Hits $51

Futures Levitate To Session Highs As ECB Enters The Bond Market; Crude Hits $51

In an overnight session dominated by the latest political developments out of the US where Hillary Clinton officially claimed the democratic nomination, the financial newsflow focused on China's trade data, where exports fell 4.1% from a year earlier, in line with expectations, but imports dropped 0.4% from a year earlier, the smallest decline since they turned negative in November 2014, likely reflecting higher commodities prices but really driven by "imports" from Hong Kong which rose to $2.48b, the highest since at least 1999; and a 243% y/y surge in dollar term, also a historical high.

The US Is Dumping Hazardous Electronic Waste Into Asia

The US Is Dumping Hazardous Electronic Waste Into Asia

US exports of goods and services may be decreasing, but one export that appears to be hanging in there is hazardous electronic waste.

According to a recent investigation conducted by the Seattle-based e-waste watchdog group Basel Action Network (BAN), much of the hazardous electronic waste discarded in America is not being recycled properly - and by not recycled properly he means dumped in a junkyard in southeast Asia.

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