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More risk from China comes via Europe – Fed’s Lockart

FXStreet (Mumbai) - Fed’s Dennis Lockhart was on the wires today explaining markets how the turmoil in China could hit the US shores via Europe.

Lockhart said the US economy’s direct exposure to China is not that high, but the US is exposed to Europe, which is exposed to China and that might hit the US.

Meanwhile, the latest Reuters survey revealed 40% of participants see the ECB increasing its monthly QE program over the next six months.

USD: Vulnerable to near term downside - Westpac

Imre Speizer, Senior Markets Strategist at Westpac, suggests that the US dollar is vulnerable to yet more downside near term, the currency looking overvalued vis-à-vis recent developments in yield spreads and various measures of risk premia.
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Swedish Krona, unlikely to benefit from USD weakness - Commerzbank

Thu Lan Nguyen, Research Analyst at Commerzbank, suggests that the ongoing weakness of US inflation data should support the positive risk environment in the week ahead but the Swedish krona, however, is unlikely to benefit, as domestic inflation figures are likely to be muted, as well.
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