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Forex Flash: Senate close to kicking blackout can further down road - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank analysts note that in the US, The Senate has inched closer to passage of a bill to avoid a government shutdown at the end of this month.

They write, “A vote may be held in the Senate on Tuesday, as there was approval to limit the debate on the legislation before proceeding to pass the bill to the House of Representatives by the end of this week.” Elsewhere they note that Treasury Secretary Lew kicked off his China tour, meeting President Xi Jinping today before meeting other top officials, including the new Finance Minister Lou Jiwei.

Forex Flash: Japanese financials more stable than in Europe- OCBC Bank

OCBC Bank analysts note comments from outgoing BoJ Governor Shirakawa on the state of the Japanese Banking sector.
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Forex Flash: Downside risk with the apparent push to go ahead with the Cyprus vote – TD Securities

TD Securities analysts give away new updates in regard to Cyprus bailout. There are rumors that the Parliament vote scheduled at noon EST will not pass. “Negotiations have continued on the breakdown of the deposit levy, with the most recent plan one that exempts deposits <€20k/€20-€100k/€100-€500k/>€500k by 0%/6.75%/9.9%12.5%. The Cypriot President has said the government is making other plans if the vote fails, the central bank has said that ELA assistance supporting the banks will not end immediately, while other government comments still suggest the debate could start today but vote could still be postponed until later”, wrote analyst Richard Kelly, adding that room for debate on tweaks to the deposit structure is positive in the sense that it shows a compromise solution is not out of the question.
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