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Forex: EUR/USD keeps the red after EMU data

The single currency keeps the 1.2955/60 area after the Employment Change in the euro area contracted 0.8% YoY during the fourth quarter and 0.3% QoQ, down from -0.6% and -0.1%, respectively...
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Forex Flash: Increased US participation in Scandinavian markets alters NOK and SEK – UBS

The final week of February and first week of March witnessed near record-net flows in USD/NOK buying from our clients, while the EUR/NOK was actually flat. “The increased participation of US asset managers in Scandinavian markets over the past two years has fundamentally altered the dynamic of both NOK and SEK markets: no longer can other pairs anchor themselves to NOK and SEK's exchange rates with the EUR, irrespective of the importance of the currency in Scandinavian trade baskets.” writes Research Analyst Gareth Berry at UBS.
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