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Forex Flash: Italy´s new Government raises recovery hopes - ANZ

ANZ research analyst Brian Martin notes that the new Italian Government has raised recovery hopes in the beleaguered nation.

He notes that the new Italian government will attempt to address the dire economic environment and ease austerity further. Further, he adds that the modest easing in fiscal policy in distressed European economies is welcome, as evidenced in the narrowing in bond spreads vs bunds. At the margin, he sees that this easing in fiscal policy is positive for the euro against a backdrop of a 25bps rate cut from the ECB being discounted.

Forex Flash: Korea & Taiwan show more signs of a soft patch in global data - Nomura

Nomura economist Rob Subbaraman notes that Korea and Taiwan have today released key data that came in significantly weaker than expected.
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Forex Flash: EUR continues to drift modestly - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi notes that the euro is continuing to drift modestly higher after the new grand coalition government in Italy won votes on confidence yesterday in parliament.
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