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US Average Hourly Earnings YoY (Feb) Y/Y 3.8% vs. Exp. 3.7% (Prev. 3.7%, Low. 3.6%, High. 3.7%)

The US Average Hourly Earnings data for February came in at 3.8%, slightly beating expectations of 3.7%.

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UKMTO reports that a tugboat was hit by a unknown projectile within the Strait of Hormuz

Western Alliance Bancorp (WAL) CEO says until last week, the loan had performed as expected, adds that they can absorb the loss with minimal disruption

US Average Hourly Earnings YoY (Feb) Y/Y 3.8% vs. Exp. 3.7% (Prev. 3.7%, Low. 3.6%, High. 3.7%)

Swiss government is set to acquire 30 Lockheed (LMT) F-35 jets, vs the 35 initially guided

Jefferies (JEF) believes that Western Alliance (WAL) lawsuit is without merit and it will be defended vigorously

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This upward surprise may indicate stronger wage growth, which could have implications for inflation trends and subsequently influence Fed policy regarding interest rates. Traders should consider how this data might affect risk sentiment and forex markets, particularly with respect to the USD.

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