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U.S. MAY CPI +1.0% M/M IN MAY, +8.6% Y/Y

U.S. MAY CPI: EX FOOD & ENERGY +0.6% M/M, +6.0% Y/Y

U.S. MAY CPI: ENERGY +3.9% M/M, +34.6% Y/Y

USTreasury GLOBAL IMBALANCES NOT SIGNIFICANTLY IMPROVING; RELIANCE ON US GROWTH REMAINS IMPORTANT CHALLENGE

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