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Forex: EUR/JPY settles in a range

FXstreet.com (Córdoba) - The euro has entered in a phase of consolidation against the yen, after a volatile session in the wake of the ECB decision and the subsequent Draghi's conference.

EUR/JPY spiked to a high of 129.88 right after the bank's announcement, but it was hit by Draghi saying that the ECB is technically ready for negative deposit rates and fell back below 128.00 and into negative territory for the day. The pair is currently trading around 127.85/90, 0.3% below its opening price, having hit a low of 128.50.

Forex: AUD/USD consolidates around 1.0250

The Australian dollar managed to trim losses versus the greenback during the American session, after falling to a 1-week low of 1.0220, roughly the same level it bottomed out on Apr 23.
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Stephen Poloz named new BOC governor

The next BOC governor has been announced. His name is Stephen Poloz, up until now having held the position of chief executive of Export Develoment Canada, the export credit agency. Mr. Poloz will be replacing Mr. Carney, after the latter moved on to take new responsibilities as the new Bank of England governor.
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