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Forex Flash: Currency War detracting from real underlying dynamics – BBH

Brown Brothers Harriman analysts feel that for all the attention currency wars are receiving may be distracting investors and policy makers from the real underlying dynamics.

They feel that, for example, the fear of currency wars is that they lead to trade wars, yet the opposite appears to be taking place. In the State of the Union address Obama clearly endorsed a US-EU free-trade agreement. The goal would not be simply reducing tariff barriers, but also harmonizing regulations and technical standards, as well. Incidentally, The EU will soon complete a trade agreement with Canada and will launch negotiations with Japan in a couple of months. It reached an agreement with Singapore at the end of 2012. We also note that talks for a Pacific basin agreement (Trans-Pacific Partnership) are also underway.

Forex Flash: When G7 does a G20 – Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale believes that the subtext for the rather non-eventful G7 statement is that the consequences of domestic policies for the rest of the world are of limited importance.
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Forex Flash: Switzerland focused on holding Euro floor – Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that Switzerland is clearly bent on holding its EURCHF floor and has consequently been forced to activate its countercyclical buffer.
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