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China’s SAFE: Will steadily promote financial market opening
Speaking at the annual Boao Forum on Friday, Xu Zhibin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that he “will steadily promote financial market opening.” Additional comments Will improve policies to facilitate cross-border investment. Will further enhance capital
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USD/JPY consolidates above 151.00 ahead of US core PCE Inflation for fresh cues
USD/JPY trades back and forth above 151.00 ahead of the Fed’s preferred inflation gauge. Risk-perceived currencies are facing the heat of uncertainty ahead of the US core PCE for February. Investors need more clarity about BoJ’s intervention to support the Japanese Yen. The USD/JPY pair trades sidew
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USD/CAD: The low 1.3600 zone continues to look pretty solid resistance – Scotiabank
USD/CAD gains stall around 1.3600. Economists at Scotiabank analyze the pair’s outlook. Price action is bearish Short-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action i
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BoJ’s Ueda: BoJ's massive stimulus had negative side-effects
Bank of Japan Governor Kazuo Ueda is back on the wires on Thursday, via Reuters, commenting on the Bank’s policy. Key quotes Negative rate and bother tools under BoJ's massive stimulus had boosted demand by pushing down real interest rates, but had side-effects too such as on JGB market function. Pr
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GOLD remained motionless ahead of the Fed meeting
#XAU/USD# The Federal Reserve will announce its March monetary policy on Wednesday. Experts expect the benchmark rate to remain unchanged, along with the quantitative tightening program. The focus will be on forward guidance, with the Fed likely stating that they won't lower borrowing
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