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Forex Flash: BoJ policy has global ramifications – Goldman Sachs

FXstreet.com (Barcelona) - The importance of the BoJ’s shift extends beyond Japan’s own markets in ways that mostly reinforce our core views. The BoJ is extending the long easing in G4 financial conditions. “Beyond its direct contribution, Japan’s easing helps—at the margin—to keep policy easier globally and yields lower both outside and inside Japan. This should help to underpin a move to fresh highs in global equity markets, as long as the global growth environment does not deteriorate further.” Suggests the Economics Research Team at Goldman Sachs.

Ireland and Portugal might be granted loan repayment extension on Friday

Eurogroup head Jeroen Dijsselbloem told reporters today that Ireland and Portugal will most probably be granted a 7-year extension on the maturities of their bailout loans, during the meeting of EU finance ministers due to begin on Friday.
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Forex: NZD/USD bounces back to 0.8654/57

The NZD/USD rally has continued during American trading Thursday, despite a retreat off of session highs at 0.8679 earlier today. However, in recent moments, the cross has bounced off the 0.8635 level to regain its gains at 0.8654/57 at the time of writing. At this juncture, the cross is trading at +0.93% above its opening.
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