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Nice Day for Currencies.

Morning All;
many currency pairs traded higher yesterday thanks to the overall strength in U.S. stocks. The Dow Jones Industrial Average and S&P 500 hovered near record levels as central banks gear up to increase stimulus. No actions will be taken this week with only the European Central Bank monetary policy meeting on the calendar but a few central banks are at the cusp of easing. The ECB is in no rush to add to their program having just eased in March but Mario Draghi won't miss the opportunit…
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#forex #blog #awards

January 2016
FxCox™ Candidate Best Independent Blog of currency analysis (Forex Market) in the section : macroeconomic analysis
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Economy Snapshot Russia Usa Canada

RUSSIA Economy Snapshot— According to the Economy Ministry, Russia’s economic contraction deepened in March, with output declining 3.4%y/y due to weakness in retail sales, construction and gas exports. Russian first quarter GDP is now tracking a 2.2% decline,which is set to intensify during the second quarter as the country continues to grapple with lower global oil prices and economicstress from US-led sanctions. Against this backdrop, the Central Bank of Russia (CBR) continues to lower interes…
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