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Forex Flash: Bernanke to shorten time between FOMC statement and press conference - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank analysts note that starting this week, Fed Chairman Ben Bernanke will shorten the time between the release of the FOMC statement and his media conference.

He will do so to avoid any future misconceptions gaining grounds in the market during the window. Meanwhile, the team note that Obama’s approval rating falls below 50%, according to a survey by CNN/ORC International Survey.

Forex Flash: Cyprus developments supporting yen in near-term - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ believes that Yen strengthen overnight, benefiting from more risk averse trading conditions, reflecting heightened uncertainty regarding an external financial support package for Cyprus.
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US: MBA Mortgage Applications fall -7.1% in March-15 week

In the week ending at March 15, mortgage applications fell 7.1%, following a -4.7% drop in the week before.
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