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BOJ and ECB expectations have trader hopes riding high for the yen and the euro

“If expectations have moved too much too fast, the euro could drop to $1.21, according to the BNP analysts” writes Anneken Tappe for marketwatch.com. Much of the thesis surrounding a strong euro and a strengthening Japanese yen in 2018 is built around central banks and expectations for monetary-policy normalization across the globe.A hawkish ECB might provide a further fillip to the euro EURUSD, -0.0409%  in 2018.Still, “we would highlight that the yen remains very cheap from a long-term valuation perspective and [currency] markets continue to price in BOJ policy remaining…

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Ben Stokes allowed to resume cricket career as ECB feared being sued for restraint of trade

“Ben Stokes has been allowed to resume his international career partly because the England & Wales Cricket Board feared being sued for restraint of trade if he remained on suspension indefinitely” writes Cricket News Correspondent for telegraph.co.uk. But the senior executive of Graves, Tom Harrison and Andrew Strauss were unanimous that he should be made available for selection, once they heard legal advice. Source: telegraph.co.uk Share This:

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ECB unlikely to drop pledge to QE program until inflation hits target next week – Reuters

“Says that the ECB is not going to change its communication in next week’s meeting and drop its QE pledge” reports forexlive.com. Well, quite rightly I believe the market certainly did not price anything into next week’s meeting.Despite the drop, buyers are still in control of the pair as this is just a minor retracement. Source: forexlive.com Share This:

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The euro is surging and experts believe it’s only going to stay that way

“The single currency is expected to strengthen over the foreseeable future as the European Central Bank (ECB) slows down its monetary stimulus, analysts told CNBC. “We see more gains for the EUR ahead as the ECB paves the way for ending outright quantitative easing (QE) purchases later this year,” Stephen Gallo, head of forex strategy at the Bank of Montreal, told CNBC via email” writes Emmanuel Dunnand for cnbc.com. The euro jumped nearly 0.8 percent against the U.S. dollar on Thursday following the release of minutes from the last meeting…

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Euro pops after bullish ECB minutes, beating down the buck

“The ECB report helped to send the euro higher against greenback” writes Markets Reporter for marketwatch.com. The euro EURUSD, +0.7030%  rose to $1.2044 from $1.1949 late Wednesday in New York.The euro popped higher and defended its gains on Thursday following minutes from the European Central Bank’s December meeting, which were interpreted as bullish, thereby reversing an earlier rebound in the U.S. dollar. Source: marketwatch.com Share This:

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Euro-Area Inflation Slowdown Undermines Hawkish Calls to End QE

“Despite solid economic growth, euro-area inflation slowed to 1.4 percent last month from 1.5 percent, and the underlying rate unexpectedly failed to rise from a meagre 0.9 percent” writes Piotr Skolimowski for bloomberg.com. A separate report showed Italian inflation unexpectedly slowed last month to 1 percent, the lowest level in a year.The euro was little changed after the data, and was down 0.1 percent at $1.2052 at 12:19 p.m.The ECB’s next policy meeting is scheduled for Jan. 25. Source: bloomberg.com Share This:

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Markets testing the Fed as the dollar slumps, analyst says

“Really, the markets are saying to the newcomers, ‘Are you going to be tough enough or not?’” he said” writes Carlos Barria for cnbc.com. Giles Keating, managing director at the Werthstein Institute, told CNBC Tuesday that, against the euro in particular, the dollar may continue to lose value.The dollar has limped into 2018, slumping to a four-month low against a strengthening euro on Tuesday. Source: cnbc.com Share This:

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The strongest and the weakest currencies for 2017

“A snapshot of the strongest and weakest currencies at the end of the calendar year is showing the EUR is the strongest currency while the USD is the weakest” reports forexlive.com. The ECB kept rates unchanged in 2017 while the Fed hiked rates three times.The Fed is expected to raise rates three more times in 2018 while the ECB is expected to once again keep rates unchanged. Source: forexlive.com Share This:

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The Latest: ECB did not discuss sudden end to stimulus

“The purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros in January and extended through September, and longer if needed” reports foxbusiness.com. Draghi spoke after the ECB kept its key interest rates and stimulus programs on hold.The bank decided in October to reduce the purchases to 30 billion euros ($35 billion) a month from 60 billion euros and to extend them at least until September, or longer if necessary.European Central Bank President Mario Draghi says the bank is “closely monitoring” financial stability risks that could…

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