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ECB, RBNZ, BOE Rates – Soft US Data And Trichet Press Conference
The much anticipated ECB meeting is finally just around the corner but the market has already turned decidingly bearish. Risk appetite has been heavy in Asia following a worrying day in equities. S&P dropped to 1279.56 while Shanghai closed down 1.6% today. In FX, our barometer for risk sentiment, the AUDJPY, dropped out of its range heading towards its May lows at 84.32. Yesterday, the... ...More...
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