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Forex Flash: Korea has announced a big stimulus package - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the Korean Government has announced a big stimulus package.

They note that at about $15.4 bln, the supplementary fiscal stimulus package surprised on the upside, mostly because it included plans to raise more debt. Beyond that, they see that the announcement was as expected. The package is estimated to boost growth by 0.3 percentage points and create 40,000 jobs.

Forex Flash: Deflation remains an unhappy scenario for developed countries – UBS

In many developed countries, the post-crisis labor market has registered structural shifts, while any residual benefits from policy accommodation has been offset by austerity. According to Research Analyst Gareth Berry at UBS, “If headline and core price trends force central banks to tackle deflation head on, we may begin to see new policy shifts which would have important implications for currency markets. Central banks (just ask the BoJ) will acknowledge that getting out of deflation is much harder than inflation, so for the Fed, ECB and BoE - there may be an impulse to act very early to prevent expectations from arising altogether.”
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Forex Flash: USD/JPY may remain trapped in near term limbo - OCBC Bank

Emmanuel Ng of OCBC Bank suspects that USD/JPY may remain trapped in limbo for the near term.
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