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Forex Flash: EUR/USD would climb to 1.33 medium term – Danske Bank

FXstreet.com (Barcelona) - The single currency is now hovering over the 1.3100 mark on Wednesday, correcting from intraday highs above 1.3120 after dovish comments by Luxemburg PM, J.C.Juncker.

In the view of S.Holbek, Senior Analyst at Danske Bank, the cross would still have room for further upside due to tighter spreads in the peripheral debt markets and increased short positioning according to the last report. “We forecast 1.33 over the coming months. Further yen weakness would only fuel speculation about flows going into the higher yielding euro market”, the expert remarked.

Forex Flash: Key Asian numbers Chinese March Trade deficit - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the key data from Asia today was the trade figures from China which revealed a USD 0.88bn deficit in March with exports up 10.0% from a year earlier and imports up 14.1%.
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Forex Flash: US unemployment to shed 0.5% per year – UBS

According to Research analyst Gareth Berry at UBS, “The information value of the upcoming FOMC minutes release may have been reduced by the adverse employment report, but nonetheless markets are still closely watching for further clarity on the execution of the Fed's intermediate thresholds.”
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