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Forex Flash: BoC unlikely to hike rates until H2 2014 - Nomura

FXstreet.com (Barcelona) - In view of Charles St-Arnaud, economist at Nomura, the recent Bank of Canada monetary policy decision is not dovish, arguing that "while growth has been revised lower for 2013, the BoC remains confident that the economy will pick up strongly in 2014."

Charles went on to add: "Interestingly, the BoC`s forecast for 2014 is much more optimistic than the IMF's one released yesterday (2.5% for 2014). We maintain our view that the risks to the BoC‟s forecast are on the downside and still think the BoC is unlikely to hike rates until the second half of 2014."

Forex Flash: Australia activity will soften into the June quarter – NAB

Today's Business confidence data “improved significantly in the March quarter – the first quarterly rise in sentiment since December 2011,” said Economist at the NAB Alexandra Knight.
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Forex: USD slightly lower; North Korea wants to talk

Little changes once again in Asia after big moves in the previous London and NY session, with most pairs playing inside relatively small ranges. EUR/USD is up about 20 pips for the session at 1.3055, AUD/USD up about 15 pips at 1.3015, USD/JPY unchanged around 98.24, and GBP/USD up 15 pips at 1.5254.
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