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Xi Jinping officially declared president of China

Xi Jinping, who was appointed General Secretary of China's Communist Party in November 2013, was officially named president of the 1.3 billion people nation on Thursday. This is the second orderly leadership transition since the Chinese Communist Party came to power in 1949.

Xi Jinping's term will last for ten years and he faces many challenges such as dealing with the slowdown in Chinese growth, corruption among government officials, tensions with Japan, the USA, South Korea and the increasingly aggressive North Korea.

Forex Flash: Surprising AUD labour market strength - Nomura

Nomura economists Charles St-Arnaud and Martin Whetton note that the Australian economy gained 71.5k jobs in February, much better than consensus expectations of a 10k increase.
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Forex: EUR/CHF remains around 1.2350 after SNB decision

The Swiss franc is easing some ground against the single currency after the SNB left its 3-month Libor band unchanged at 0.0%-0.25% and the minimum exchange rate at CHF 1.20 per euro, broadly in line with market consensus...
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