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EMU: Consumer Confidence almost unchanged in March

FXstreet.com (Barcelona) - Eurozone Consumer Confidence edged up to -23.5 in March, from -23.6 in February, the European Commission reported on Wednesday. This result is in line with market consensus.

Eurozone Business Climate fell to -0.86 in March, from -0.72 in February, below expectations of a decrease to -0.80.

The Economic Sentiment Indicator slid to 90 from 91.1 and below forecasts of declining to 90.4.

Industrial Confidence decline accelerated from -11.3 to -12.5, below expectations of -12. Services Sentiment dropped to -6.7 from -5.3 and below market consensus of falling to -6.5.

Forex Flash: Yen weaker as BOJ speculation mounts - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that most Asia equity markets are higher today following on from the gains yesterday in the US as the fears over the fallout from the Cyprus banking sector deal continue to ease.
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Forex: EUR/USD below 1.2800 after EMU data

The shared currency penetrated the key limestone of 1.2800 on Wednesday after poor data from the euro zone. Sentiment remains fragile and selling interest on the raise after Consumer Confidence...
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