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Citigroup stance bullish on commodities for 2017

  Bloomberg Forget Brexit, go for raw materials. Citigroup Inc says that it’s bullish on the outlook for commodities in 2017 as the impact of the UK’s vote to quit the European Union will fade, global growth chugs along and investors will plow more cash into funds. “Citi is especially bullish commodities for 2017,” analysts led by Ed Morse wrote ...

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Kazakh central bank to pounce on dollars as Tenge regains appeal

  Bloomberg Kazakhstan’s central bank is prepared to return to the currency market in force to mop up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said. “If there are significant inflows of foreign currency, we are ready to buy as before,” Akishev said in an interview on ...

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Shanghai interbank rate lowest since May even as PBOC pulls cash

  Bloomberg Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased ...

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