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Forex Flash: Flash Chinese MNI indicator drops in March - Nomura

FXstreet.com (Barcelona) - Nomura economist Zhiwei Zhang notes that the MNI China flash business sentiment indicator fell to 58.39 in March from 60.98 in February.

He writes, “The production sub-component dropped to 56.72 in March from 57.89 in February, and the new order sub component fell to 56.34 from 58.24. The signal from the MNI indicator today conflicts with the improvement of the HSBC flash PMI released yesterday. We maintain our view of a shallow economic recovery.”

Forex Flash: Yen strengthens amidst Cyprus uncertainty - BTMU

Lee Hardman, FX Strategist at the Bank of Tokyo Mitsubishi UFJ notes that the Yen has continued to strengthen modestly in the Asian trading session, driven mainly by a pick up in safe haven demand relating to ongoing developments in Cyprus.
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Forex: EUR/USD keeps highs around 1.2935/40

The euro continues to ignore the headlines from Cyprus, as the parliament will now vote on the permanence of the island within the euro zone. There is still doubts regarding the precise date, but it would surely be over the weekend....
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