China: Targeted RRR cut extended to some larger banks - Nomura

Zhiwei Zhang, Economists at Nomura, explains, based on information from the news site Hexun and Wind, that the targeted RRR cut has been extended to some larger banks.
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EUR defies yield spreads and spec sales - Westpac

Richard Franulovich, FX Strategist at Westpac, notes how the EUR/USD is looking substantially overvalued vis-a-vis a couple metrics in the wake of the ECB's easing.
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