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Forex Flash: ECB looks to make splash in May – UBS

FXstreet.com (Barcelona) - According to Research Analyst Gareth Berry at UBS, “The market will likely increase its pricing of an ECB rate cut in the run up to the May policy meeting – a weaker euro can also be expected, but for a credit- and funding- starved Eurozone, fears over further capital flight due to return erosion may turn out to be misplaced.”

Politics notwithstanding, a rate-cut, further attentiveness to growth policies (on a monetary and political level) and a weaker euro may prove to be the perfect mix to reinvigorate investor interest on a structural basis, and these longer-term value driven flows into European asset markets are exactly the type the Eurozone seeks.

Switzerland: KOF Leading Indicator at 1.02 in April

The Swiss KOF Leading Indicator rose to 1.02 in April, from 1 in March, according to data released today by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research. Analysts expected a drop to 0.98.
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Forex: EUR/CHF testing the 1.2300 level

The EUR/CHF has had an interesting week, which continued Friday in its schizophrenic movement and oscillation surrounding the 1.2300 level. In these moments, the pair is testing this barrier, whilst registering a marginal gain of +0.04%, after the release of Swiss data Friday.
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