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Forex Flash: Reports of a joint statement on currency devaluation – TD Securities

TD Securities analysts see space for markets to talk politics and currencies. “Weekend press suggests US and European officials are considering issuing a joint statement on currency devaluations with the large focus on the yen in recent months (and Venezuela announcing another devaluation (32%) of the bolivar over the weekend)”, wrote analyst Richard Kelly, pointing also to this week's BoJ monetary policy decision, likely to be a non-event as markets wait for announcement of the new Governor later this month to take over in April. “ADB Head Kuroda, one potential candidate, was on the wires talking up a 2% inflation target and saying the BoJ should not be responsible for buying FX bonds, an option that had previously been on the table to weaken the yen”, Kelly added.

Forex Flash: New Zealand strategy profile – Westpac

According to the Westpac Strategy Team, “The NZD/USD uptrend to 0.8570 next is alive as long as the 0.8250 level is not breached. That being said, 0.8300 is key because a break below that would probably send it towards 0.8100.”
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Forex: EUR/USD back to the area around 1.3375/80

After a failed attempt to follow through the key resistance at 1.3400, the single currency lost impetus and is trading back to the 1.3370/75 region on Monday, following the increasing risk aversion....
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