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Forex: EUR/SEK bouncing off lows

FXstreet.com (Barcelona) - The Swedish krona is markedly appreciating against the single currency on Monday, after Riksbank’s Deputy Governor Svensson said he would step down when his term expires in May. Svensson, known by his dovish stance, said “he hasn't managed to get support for optimal monetary policy targeting inflation/Unemployment”, commented Erica Blomgren, FI Strategist at SEB.

At the moment, the cross down 0.32% at 8.5066 with the next support at 8.4899 (high Feb.21) followed by 8.4585 (high Mar.25).
On the flip side, a break above 8.5456 (high Apr.18) would bring 8.5560 (high Apr.22) and then 8.6400 (high Feb.8).

Commodities Brief – Gold spot prices rally to 1421.00, crude testing 88.00 barrier

After retesting the 1400.00 support level on Friday, gold spot prices rebounded Monday, attempting to retrace a recovery towards the 1428.00 resistance level once again. Ultimately, a break above this resistance may extend the correctional even further, probably towards the 1460.00 handle. On the other hand, the bearish continuation scenario may evolve if price breaks back below 1391.00. During European trading today, the yellow metal has settled at USD $1421.27 per oz. in these moments on increased demand.
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Forex Flash: G20 focused on Japan and the Eurozone - DBS Group

DBS Group analysts note that the G20 Finance Ministers and Central Bank Governors meeting was mostly about Japan and the Eurozone.
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