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Lot of risks in world economy – UK’s Osborne

FXStreet (Mumbai) - The UK finance minister Osborne while speaking at the Tory party conference on Monday said the world economy is facing lot of risks, adding further that policymakers must ‘fix the roof while the sun is shining'.

The fin min stated that China, Eurozone, US all present potential problems. Osborne said the UK economy needs GBP 20 billion in savings, while stating that spending cuts are easier said than done.

EURUSD upside potential capped – Rabobank

Jane Foley, Research Analyst at Rabobank, suggests that the pace of short-covering in EUR positions has reduced and on the assumption that investors are unlikely to move into long EUR positions in the coming months, we would argue that upside potential for EUR/USD is capped.
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USD: US Non-manufacturing PMI expected to slip – TDS

Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the US Non-manufacturing ISM for Sep is expected to slip from 59 to 57 (mkt 57.5).
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