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Forex Flash: Headlines focus on North Korean nuclear test – TD Securities

Alvin Pontoh, FX Strategist at TD Securities notes that overnight headlines were dominated by news that North Korea conducted an underground nuclear test.

The news weighed heavily on the KOSPI, but the Nikkei rallied 2% as JPY weakened overnight. He notes that Chinese markets remained closed due to the lunar new year celebrations and overall major currencies were either flat or weaker against the dollar. The exception has been NZD, which held onto it solid overnight gains, aided by good housing data. Looking ahead, the EcoFin meetings continue today, as President Obama delivers his State of the Union Address and Governor Carney testifies to the House Finance Committee.

Forex: USD/CHF eases to 0.9204/05 after Swiss data

The USD/CHF has eased slightly following the release of Swiss data during European trading Tuesday. After initially trading as high as 0.9216 (session high) the cross now settles marginally lower at 0.9204/05, clinging to a tepid gain of +0.02% at the time of writing.
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Forex Flash: Nearterm EUR/USD risks remain to downside – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank believes that the near term risks for EUR/USD remain on the downside.
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