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EMU: Annual CPI at 1.7% in March, as expected

FXstreet.com (Barcelona) - Preliminary inflation data for the Eurozone, published by Eurostat on Wednesday, revealed a 1.7% increase in March, down from +1.8% registered in February. This result is in line with consensus.

Forex: GBP/JPY up to 141.40/45 after UK PMI Construction

After a first drop to 140.90 low on the London opening, the GBP/JPY quickly retraced back to the opening price of 141.11 and started climbing the chart ahead of the UK PMI Construction. On the release, the cross printed a high at 141.45 and, after some profit taking, it remains around the daily highs.
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Forex: EUR/USD in highs on IMF announcement

The bloc currency is climbing to fresh session highs in the boundaries of 1.2840 after the IMF informed that it will contribute with €1 billion to Cyprus deal. In the same line, Cypriot officials said the country...
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