On Monday's I include a weekly check on trends in currencies, commodities and US bond yields. This week I note a regime change from Strong Dollar to Weakening Dollar, and conclude: 'disinflation out, reflation in'.
The economic data covered is mainly Asia. It focusses first on what looks very like a 'fat finger' error in China's reported May trade data which has resulted in a significant over-statement of the trade surplus. And it also looks at the upward revisions made to Japan's 1Q GDP data, as the surprise strength in corporate investment kicks in.
