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Interest rates should rise ‘sooner rather than later’ – Germany’s Schaeuble

FXStreet (Mumbai) - Speaking at an engineering conference in Berlin on early Wednesday, German Finance Minister Wolfgang Schaeuble defended the case for policy normalization and cited his discontent for the low-interest regime that persists across the globe.

Schaeuble said that interest rates should rise "sooner rather than later," while voicing his support for a "normalisation" of rates. He further described interest rates as "too low" and added, "I don't want us to get used to it remaining as it is."

USD/CAD remains constructive medium term – Westpac

Strategists at Westpac still see a constructive outlook in USD/CAD in the medium term...
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UK unemployment rate dips to lowest level since 2008 – ING

James Knightley, Research Analyst at ING, notes that the UK labour report is a little mixed as employment rose 140,000 in the three months to August while unemployment fell 79,000 meaning that the unemployment rate surprisingly dipped to 5.4% - the lowest rate since June 2008.
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