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ECB's Makuch: Central bank may need to rephrase guidance if slowdown continues

The ECB's Governing Council member and Slovak central bank Governor, Jozef Makúch was out with some comments in the last hour, saying that the timing of future interest rate rise is a matter of the state of the economy.

Additional quotes:

   •  It is possible that the ECB will be needed to reformulate forward guidance in case economy slows down further.
   •  There are risks in geopolitics, protectionism, the vulnerability of emerging markets and market volatility; also in fiscal discipline in Italy and France.

AUD/USD Technical Analysis: Struggles to breakthrough 100-hour SMA/0.7200 handle

   •  The pair failed to capitalize on broad-based USD weakness and continued with its struggled to move back above 100-hour SMA, conquer the 0.7200 h
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Turkey: Risk of a premature policy-loosening – ABN AMRO

In Turkey, there is a risk of a premature policy-loosening, which would ultimately result in another round of lira destabilisation, according to Nora
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