MARKET PULSE - CURRENCIES
27 Mar
HSBC now sees three Fed hikes in 2017 and one more in 2018
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Economists at HSBC raised their interest rate forecasts for the US, bringing them more in-line with the consensus view - up to a point.

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24 Mar
FX round-up: Sterling downcast on Friday as US Congress votes on Trump's Healthcare Bill
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Sterling turned in a downcast Friday performance as it slipped on most key pairs, with global markets drifting as US President Donald Trump's Healthcare Bill goes to a congressional vote, and ahead of UK formally beginning its EU-exit talks next week.

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24 Mar
Federal Reserve in better position to stop balance sheet reinvestment, Bullard says
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The US central bank may now be in a better position to stop reinvesting the proceeds of its assets in acquiring new ones, a top member of the Federal Reserve said.

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24 Mar
Inflation surge does not automatically mean rates will rise, BoE's Vlieghe says
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Even an acceleration in consumer prices to 3. 5% might not justify a hike in Bank Rate, a top Bank of England official said, unless it is accompanied by growth in wages.

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24 Mar
Bank of Russia surprises with rate cut to 9.75%
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Russia's central bank took markets by surprise on Friday, announcing it had cut its key policy rate in response to a quicker than expected drop in price pressures, with further cuts possible.

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23 Mar
FX round-up: Sterling rises on hearty UK retail sales as inflation, possible BoE rate rise lurk
John Lewis at St Pancras International station, London; retail

Sterling ticked higher on most major crosses Thursday thanks to better-than-expected UK retail sales figures for February, with rising inflation and a possible Bank of England (BoE) interest rate hike lurking in the background.

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22 Mar
FX round-up: Sterling mixed on Wednesday after UK inflation supercharge ebbs
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Sterling plugged away to achieve a mixed out-turn on major crosses Wednesday, but did manage to craft minor gains against both the US dollar and euro even as its inflation supercharge ebbed from Tuesday.

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22 Mar
Fitch downgrades Saudi Arabia over reform doubts
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Ratings agency Fitch has downgraded Saudi Arabia's sovereign debt rating to 'A+' from 'AA-' as it expressed major doubts about the government's financial reform programme.

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22 Mar
Europe open: Stocks down, traders eye key levels for Brent and euro
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European stocks began the morning on a down note, tracking a weaker Wall Street as investors took profits following recent strong gains for the main benchmarks.

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22 Mar
Saudi Aramco IPO mandates expected in coming days
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The world's largest petrochemicals company has decided to proceed cautiously in its preparations for what may well be the largest initial public offering ever.

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21 Mar
FX round-up: Sterling opens throttle to drive higher as UK inflation accelerates, dollar steers lower
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Sterling opened the throttle Tuesday to drive higher against a raft of currencies and recoup some of its Brexit-induced weakness, this surge lamentably on the back of a shock acceleration in UK inflation that will hit consumers in the wallet.

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21 Mar
Europe open: Stocks advance even as euro makes run at technical resistance
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European equities started the day on the front foot despite a higher euro and a sharp fall in in Deutsche Bank shares.

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21 Mar
Snap poll shows Macron wins first French presidential TV debate
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A televised debate between France's main presidential candidates turned into a sparring match between centrist candidate Emmanuel macron and his far-tight rival, Marine Le Pen.

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20 Mar
FX round-up: Brexit start date ushers in new era of punishment for sterling
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Sterling had a tough time on key crosses Monday after PM Theresa May's office said Article 50 will be triggered on 29 March, beginning UK's divorce from the EU and ushering in a new era of punishment for the already threadbare currency.

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20 Mar
Chile GDP falls more sharply than expected in Q4 amid investment slump
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Chile's economy fell into a funk at the end of 2016 as investment plummeted, with weakness set to spill over into 2017, although economists sounded a more positive note on the backhalf of this year.

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20 Mar
Fed's Kashkari against further hikes until balance sheet plans clear
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The president of the Minneapolis Fed bank voiced his opposition to further policy tightening this year, until the central bank had published details of its plans to reduce its balance sheet.

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18 Mar
China home price gains accelerate in February
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Home price gains in China accelerated and broadened last month, leading to tighter requirements from Beijing on down-payments.

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17 Mar
FX round-up: Sterling rests ahead of UK CPI, retail sales after rates-driven rises
Kent Inglaterra UK dover cliffs

Sterling plugged its way through a Friday session of malaise as transatlantic and European traders took pause after this week's excitement around interest-rate decisions by the central banks of the UK and the US.

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17 Mar
Euro area trade surplus shrinks in January amid French export rout
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A surge in purchases from overseas cut into the euro area's trade surplus at the start of the year, as France's exports crumbled .

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17 Mar
Euro higher as Nowotny says ECB may hike deposit rate before ending QE
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The European Central Bank might increase interest rates before it winds up its programme of quantitative easing, a top official said on Thursday evening.

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