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Forex Flash: Italy reports horrific industrial production figures - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts have paid special attention to Italy, who have reported a horrific industrial production report.

They note that the 0.8% decline was four times greater than what the consensus expected and the intractable political problem has been addressed, at least for the near-to-medium term, but the economic problems remain as powerful as ever. They write. “The EC expects the Italian economy to contract 1.3% this year. The OECD says 1.5% and Fitch say's 1.8%. We are concerned that even Fitch is erring on the side of optimism.”

Forex Flash: Early signs of acceleration of Japanese FX risk taking - Nomura

Nomura strategist, Yujiro Goto notes that flow data released today suggests signs of acceleration of Japanese FX risk taking, but the magnitude is still not huge compared with elevated expectation after the BOJ easing.
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Forex Flash: NOK: What's going on - Nomura

Nomura strategist Matthew Slade has asked the question, “What´s going on with NOK?”
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