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USD/JPY bearish undertone allows for a test of 105.25 – UOB

In view of FX Strategists at UOB Group, there is still room for the pair to re-visit the 105.25 level in the next weeks. Key Quotes 24-hour view: “Expectation for USD to trade sideways yesterday was wrong as it rose to hit a high of 106.60. The up-move appears to be running ahead of itself
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Bank of Russia to trim its key rate in March – Rabobank

Analysts at Rabobank expect the Bank of Russia to lower the key rate by 25bps to 7.25% at its second monetary policy meeting this year scheduled on March 23. Key Quotes “With inflation at a record low and unlikely to accelerate sharply in the coming months, Russian policy makers led by Governor Nabiullina have room
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AUD: Under the hammer? – AmpGFX

Greg Gibbs, Analyst at Amplifying Global FX Capital, points out that the AUD has been one of the weaker currencies in recent sessions.  Key Quotes “We had thought that the AUD might come under pressure after the tariff news come out in early-March.  We thought as a major exporter of steel-making commodities to Asia, it
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EUR futures: further downside loses momentum

According to CME Group’s advanced figures for EUR futures markets, investors trimmed their open interest positions for the second session in a row on Tuesday, this time by just 794 contracts vs. Monday’s final 600,892 contracts. In the same line, volume dropped for the third session in a row by almost 54.6K contracts. EUR/USD a
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AUD/USD hits fresh YTD lows, FOMC decision in focus

   •  Resurgent US bond yields help offset USD weakness and prompt some fresh selling.     •  Weaker copper prices did little to lend any support and stall the downfall.    •  The Fed’s outlook for future interest rates should provide a fresh directional impetus. The AUD/USD pair struggled to build on early tepid recovery
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China plans countermeasures against US tariffs – WSJ

According to the WSJ report, citing people familiar with the matter, China is said to plan countermeasures against the US President Donald Trump’s proposed tariffs.  China is likely to target US agricultural exports of soybeans, sorghum and live hogs, but the plan could change based on what the Trump administration proposes. The headlines sparked concerns
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