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S&P affirms the UK rating at AAA; Outlook is still negative

Standards & Poor's rating agency affirmed the United Kingdom sovereign debt at AAA according to a recent press release published by the agency. They expect the deficit decline to 4.2% of GDP in 2016.

S&P says that the outlook remains negative on the back of possibility of poor economic and fiscal performance. However, the agency pointed that the UK government remains committed to implement fiscal reforms. S&P expects the government debt to GDP ratio to be over 95%.

Forex Flash: USD/JPY would target 100.00 longer-term – Commerzbank

The Japanese yen keeps the area of 2013 highs around 97.00/15 on Friday, boosted by the aggressive programme of stimulus by the BoJ directed to spark inflation expectations in the domestic economy...
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Forex: USD/CHF recovers the mark of 0.9327/28

The USD/CHF has recently bounced off a session low of 0.9313 during US trading Friday, having recovered slightly higher towards the 0.9327/28 mark. At this juncture the cross is still suffering a loss of -0.76% on the day, crashing through support at 0.9352.
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