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Forex Flash: Australian trade deficit narrows unexpectedly - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Australia's trade deficit narrowed unexpectedly in February on surprisingly strong exports.

He writes, “We expect more positive data from Australia on Thursday, with building approvals as well as retail sales likely to post solid gains. As for the much anticipated BoJ meeting, we expect the new policy board to break with tradition and embark on a truly “bold” monetary policy.”

Forex Flash: Chinese government neutral on Japanese yen depreciation - Nomura

Nomura economist Zhiwei Zhang notes that the Chinese government published neutral comments on Japanese yen depreciation.
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Commodities Brief – Precious metals pare losses on weakening USD, crude prices cannot stabilize above 97.00

Gold prices have started off the week under siege from a resurgent US dollar, however the fortunes have changed Wednesday, as gold managed to stage some tepid form of recovery ahead of US trading. With weak ADP employment numbers, gold found itself trading at USD $1572.42 per oz., slightly off its highs of 1574. Though the yellow metal is still operating below support, spot prices will now look to hold above the 1565 support (intraday low), to prevent a further downside from occurring.
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