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EU sanctions against Russia to take effect on Friday

FXStreet (Łódź) - European Council President Herman Van Rompuy announced that the fresh sanctions agreed by EU member states on Monday and deepening the restrictive measures introduced in July, would take effect on Friday.

The new package of sanctions includes limiting access to financial markets for Russian oil companies Rosneft, Transneft, Gazprom as well as for three military-industrial companies. It also imposes travel bans and asset freezes on 24 more Russian individuals.

"EU may amend or suspend sanctions based on a review of peace moves to be carried out by the end of September," Van Rompuy added.

USD/JPY can't hold above 107.00 and falls to 106.60

After reaching fresh highs since September 2008 at 107.15, USD/JPY found selling interest at this area as the pair was unable to maintain the 107.00 figure and it's trading now back around 106.60.
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Credit Agricole: EUR should weaken throughout Q4 - eFXnews

The eFXnews team reports that Credit Agricolesees the euro declining further towards the end of the year, as the ECB's focus has fallen on Eurozone's external competitiveness.
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