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Forex Flash: BoE easing eyed – Goldman Sachs

FXstreet.com (Barcelona) - According to the Economics Research Team at Goldman Sachs, We remain of the view that the BoE will ease further and that this easing will take the form of credit easing or other ‘unconventional unconventional’ measures, rather than purchasing more Gilts (although it is possible that further credit easing measures could be supplemented with more QE).” These measures could take a number of different forms, including extending the FLS, reducing the remuneration rate on central bank reserves and (even) the direct purchase of assets other than Gilts.

The analytical work required to decide how best to ease further is likely to take until the
May Inflation Report (at least). Consequently, while these preparations have been taking place, the March MPC meeting was something of a ‘holding operation’ and we expect the April MPC meeting to be similarly uneventful.

Forex Flash: NZD looks to re-enter positive trend – Westpac

According to Global FX Strategist Sean Callow at RBS, “The NZD/USD move above 0.8355 puts the kiwi back into positive-trend mode. A quiet local calendar keeps the near term event risk firmly off shore but otherwise the pair looks a buy on dips towards 0.8470.”
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Forex: USD/CHF sideways trading at 0.9487/88

The USD/CHF has traded sideways recently during US trading Tuesday, having been devoid of catalysts during the latter stages of the morning. In these moments the pair failed to make a break above 0.9500 level (0.9495 session high), trading positively at 0.9487/88 at the time of writing.
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