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Forex Flash: Despite China HSBC PMI, recovery a shallow one - Nomura

The HSBC China flash manufacturing PMI stood at 51.7 in March from 50.4 in February, stronger than expected (Consensus: 50.8; Nomura: 51.0), says Zhiwei Zhang, economist at Nomura.
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Session Recap: BoJ Kuroda first press conference later today

Another sedative session in Asia, with major currencies barely moving 20 pips on average. The only exception was the Kiwi, up between 50 and 60 pips vs competitors after New Zealand showed upbeat GDP Q4 figures.
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