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Fed’s Fischer: Conditions right for 2015 lift-off – Rabobank

FXStreet (Delhi) – Michael Every, Research Analyst at Rabobank, notes that the Fed’s Fischer was cautious in the recently ended IMF meet, but suggested that conditions are looking right for ‘lift-off’ this year which is likely to give USD a lift today.

Key Quotes

“Struggling Brazil’s Finance Minister Levy also had an interesting take, noting “My impression of the discussions is that they started out with a somewhat gloomy mood, but people have realized that the risks we’re facing are somewhat positive problems [in that] most economies are moving away from old problems and starting a new phase.” In other words, we have a whole new set of problems! Hurrah!”

“Naturally, IMF head Christine Lagarde rode in like a white knight to put a happy gloss on her party. “I wouldn’t paint a dark picture,” she said to reporters. “I would simply insist on the policy mix that can be applied in order to move from an uneven and modest recovery, which has decelerated, to something that is definitely stronger.””

China: Hard landing but not a breakdown - Commerzbank

Research Team at Commerzbank, expects cautious growth picture for China and predict slower growth than the government targets in its five-year plan. While the government is likely to aim at 6½% for the period 2016 to 2020, they expect 6.3% for 2016 and 6.0% for 2017.
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Asia sees risk-on rally on higher Oil, Fed speaks to dominate thin-trading

Public holidays in Japan and the US make for a quieter start in the Asia, with limited movements across the FX board amid low volumes. However, the sentiment around the riskier assets remains lifted as oil prices extend their upward trajectory into a new week.
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