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Forex Flash: It has been a volatile week for financial markets - DBS Group

FXstreet.com (Barcelona) - DBS Group analysts note that it has been a volatile week for financial markets.

They note that Gold prices “stabilized”after a dramatic two-day fall, totaling $200 across Friday and Monday and US equities, as reflected by the S&P 500, fell 3.8% over six days to 1541.61 to its lowest
close since March 6. Apple stocks fell below $400. However, against this backdrop, currency markets did not really do much, with EUR/USD ranging between 1.30-32 and they feel that USD/JPY appears to be tracking Gold prices since its dramatic fall, especially after the muted response to the BoJ´s move to increase the frequency of bond purchases. They write, “Essentially, if gold prices reflect weak growth prospects ahead, the initial push to lower EUR/JPY will have to come from the yen.”

Forex Flash: Good Friday distortion could persist in US claims data - Nomura

Nomura economists believe that a Good Friday distortion could persist in US claims data.
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Forex Flash: Canada headline and Core CPI to rise further in March – TD Securities

Canada will have the Consumer Price Index report available for the public and are expected to have risen further in March following the sharp move higher in February. “The all-items price index is forecast to have increased by 0.3% in the month on a non-seasonally adjusted basis. As was the case in February, seasonal factors have an important role to play in the forecast boosting the price of clothing and travel services. The price series should show a far more temperate 0.1% increase after controlling for seasonality”, wrote TD Securities analyst Annette Beacher, adding that on a year-ago basis, headline inflation is forecast to slip by a tenth of a percentage point to 1.1% due in large part to base year effects.
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