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Asia closed the week by a mitigated trading session ahead of G20 meeting, starting today in Moscow. The “currency wars” should be in closer focus during the next two days. ECB’s Weidmann said that there will be no rate cut in the Euro-Zone, while Norges Bank’s Olsen warned to be ready for further rate cuts to counter NOK gains.
The currency markets remain dominated by Yen strengthening, in… |
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