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Currency Analyst since 2010

Oct. 8: MARKET VIDEOREVIEW

USD: Dovish comments of the Fed member Kocherlakota (“falling unemployment is no reason to raise rates”). Market is expecting the release of the FOMC minutes (18:00 GMT).

EUR: Bundesbank President Weidmann criticizes ECB’s stimulus measures.

GBP/USD: upside capped at $1.6120

USD/JPY: found a local support at 107.70, Japan’s current account surplus below forecast

AUD: Australian Bureau of Statistics is going to have to revise the July and August employment data (August figures were exceptionally high).

AUD: Chinese HSBC Services PMI edged down reinforcing expectations of further stimulus measures

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