Forex News: May TIC data later in the day should show inflows remained strong enough to cover the current account deficit (consensus is for $70B compared with well over $100B the previous month) given that risk appetite was still strong then. But, says Calyon, "the more interesting data may come in June and July to see if the sizable inflows into US agency paper have been sustained" after the problems leading up to Washington's rescue for Freddie Mac and Fannie Mae last weekend.
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