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Forex Flash: US political propaganda dominating cuts agenda - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale gets the feeling the despite the rhetoric, US political protagonists quite like the idea of some fiscal tightening which can be blamed on the other team.

However, regardless, the sequester cuts 2013 GDP forecasts by between 0.2% and 0.5% and fuels the risk averse mood as the market awaits payrolls on Friday and a very limited period of economic data in the interim.

Forex Flash: Majors lower on USD as spending cuts kick in - OCBC Bank

Emmanuel Ng of OCBC Bank note that even as spending cuts kicked in for the US, majors ended mixed to lower on USD on Friday, while JPY and GBP underperformed across the board.
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Forex: EUR/GBP jumps on disappointing UK and EMU data

The economic calendar is triggering moves in the FX world, including a jump on the EUR/GBP, from 0.8640 back to the opening price of the week at 0.8658, as both UK and EMU data disappoint.
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