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All posts by Sandeep Kanihama

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CNY: Fixing in line with expectations – Westpac

The CNY has been fixed more or less in line with expectations in recent sessions, according to Frances Cheung, Research Analyst at Westpac. Key Quotes “The 23.6% retracement (from 2014 low/2016 high) of 6.2720 remains a key support for USD/CNY. The PBoC injected liquidity into

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US: Several economic reports on tap – BBH

Analysts at BBH suggest that the US has a several economic reports on tap today, but none have the heft to change market sentiment . Key Quotes “January import prices were likely lifted by oil’s appreciation.  Excluding oil, import prices may have edged 0.1% higher. 

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NZD/USD to remain bid – Westpac

The decline in NZ-US interest rate spreads into negative territory for the first time since 1999 has been ignored by NZD/USD , according to Imre Speizer, Research Analyst at Westpac. Key Quotes “This is not unique to the NZD, with most major currencies also disconnecting

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USD burdened from all directions – BBH

Nearly all the major currencies have risen at least two percent against the US dollar this week with the exception of the Canadian dollar as it has risen one percent this week ahead of today’s local session, explains the research team at BBH.   Key

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USD under pressure – Nomura

The dollar has remained under pressure this week, despite upward surprises in US inflation as core inflation came in at 0.3% m-o-m, above consensus expectations of 0.2%, explains the analysis team at Nomura. Key Quotes “While there were some technical factors contributing to the increase,

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Brexit: How are things with the UK? – BNPP

Analysts at BNP Paribas, suggest that for those who still have any doubts about UK growth, the prospects of Brexit have clearly strained the country’s economic performance. Key Quotes “Growth has been slashed in half since 2015. The economy is barely growing at just over