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M&A: Swiss Roche in talks to take over Japanese Chugai

FXStreet (Bali) - According to the Financial Times, in news published on August 17, Swiss pharmaceutical company Roche is set to offer $10bn to take full control of Japan’s Chugai Pharmaceuticals in a bid to expand its foothold in Asia.

The article adds that the Swiss company may announce a deal as soon as next week, an event that should be taken in consideration for those trading CHF and JPY, as flows could increase substantially when/if the deal materializes.

Push-me-pull-you Fed-speak – Rabobank

Analysts at Rabobank highlighted that Bullard stated that the markets are probably wrong to be discounting slower rate hikes than the Fed is forecasting.
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GBP/AUD stalled at 1.7950 resistance after a gap higher

GBP/AUD started the new trading week with a gap higher at 1.7944 after finishing the previous week at 1.7909, but the upside dynamic has stalled at the resistance of 1.7950 so far.
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