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Forex Flash: Broader US dollar recovery expected - Nomura

As the post GFC correlation between the US Dollar and risk assets disconnects, and with equity inflows picking up, which according to Nomura, "has been important for dollar dynamics, the dollar should benefit eventually."

The bank notes, however, that "ongoing monetary easing and a weaker US data picture in Q2 may delay a broader dollar recovery." The bank adds: "We intend to review longer-term global USD forecast within the next one to two weeks, incorporating stronger USD inflows."

New Zealand Food Price Index (MoM) decreases to -0.3% in Feb from 1.9%

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Forex: EUR/USD keeps above 1.3000, looking for new catalysts

Yes, the Euro is closing the session on negative note against the US Dollar, but the pair remains above the 1.3000 frontier. The EUR/USD retraced earlier gains following a risk appetite that lifted the euro to levels shy of 1.3080, but the pair was unable to keep this prices and now the EUR/USD is trading at 1.3025.
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