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BIS selling EUR/USD

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Around current levels. We're presently at 1.4460.

BOE Data: Short Term Fixed Rates Edge Up; Longer Term Down

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ECB’s Honohan: Hard to predict when Ireland will get back to market funding

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Key thing in Ireland to make sure the fiscal adjustment happens in accordance with what is programmed For the moment inflation expectations do not seem to be something that is under threat ECB interest rate increase secondary issue for recovery of Irish banks Asked on new ECB liquidity facility for Irish banks, says ...

Strong earthquake jolts North East Japan – TV

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Earthquake shakes buildings in Tokyo One metre tsunami advisory issued after earthquake USGS says quake was magnitude 7.1 TEPCO - No irregularities at Fukushima Daiichi nuclear plant after quake

ITALY DATA: February SA industrial output rose 1.4%..

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ITALY DATA: February SA industrial output rose 1.4% m/m and 2.3% y/y in workday adjusted terms, up from +0.4% y/y in January. The m/m increase was the best since August 2010 (+1.7% m/m) and follows a decline of 1.7% in January and a gain of 0.1% in December. --February unadjusted y/y output rose 2.3%, ...

OECD: France Should Anchor Balanced Finances In Constitution

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PARIS (MNI) - France should cut public spending further in order to stem the debt spiral, and the goal of balanced budgets should be anchored in the constitution, the Organization for Economic Cooperation and Development said Monday. An overriding budget ...

Italy February industrial output +1.4% m/m

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Versus Reuters median forecast of +1.0%. We had +1.7% Something of a variance, but hey what the heck. It's Monday and no one gives a crap.

France To Tax Oil Firms To Ease Cost Burden For Users: FinMin

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PARIS (MNI) - France will implement a modest tax on oil companies to ease slightly the burden of rising energy costs for professionals, Finance Minister Christine Lagarde announced Monday. Through the "equivalent of a tax" on oil companies, over E100 million would funneled back to some ...

Japan ex-MOF Watanabe: Market, authorities likely comfortable with current dollar/yen around 85 yen

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Japan quake unlikely to be severe drag on global economy Quake damage, power shortages may shave 0.5% or more off Japan 2011 GDP Japan must tell G20 it will stick to fiscal reform despite delay due to quake Natural for yen to weaken given Fed, ECB policy directions G7 showed in March joint fx ...

OECD sees moderate recovery in French economy

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Growth to rise to 1.6% in 2011 and 2% in 2012 French unemployment rate will decline only slowly from 9.7% in 2010 to 9.3% in 2012 France should be able to cut deficit to 6% of GDP in 2011, debt eventually to stabilise around 90% GDP Priorities for France are fiscal cuts and ...

Update: BOJ Report: 7 Japan Regions Cut Econ Views Post Quake

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-- Adds Osaka Branch Manager Remarks From 18th Paragraph TOKYO (MNI) - The Bank of Japan on Monday said seven out of the nine Japanese regions have lowered their economic assessment from January in the aftermath of the March 11 earthquake and tsunami. ...

UK disposable income falls to lowest since 1921

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British household budgets face their biggest squeeze in 90 years, according to a leading economic consultancy. It sure won't come as a surprise to my barber.... Happy Dayz.

Japan govt: To expand evacuation zone around nuclear plant based on accumulated radiation levels

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Desireable to proceed with new evacuation plans over one-month period Govt asks children, pregnant women, hospitalised patients to stay out of 20-30 KM zone near plant

British Bankers’ Association: Have to carefully consider costs involved and the econmoic impact of ICB’s proposals

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Banks commited to ensuring financial stability and supporting economic recovery Banks committed to ensuring the taxpayer is repaid for support of the banking system UK bank share prices doing OK in wake of report release. Lloyds up around 0.6%. RBS and Barclays up around 3%.

JAPAN DATA: Japan’s corporate goods price index for..

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JAPAN DATA: Japan's corporate goods price index for March is expected to have risen 1.9% on year, marking the sixth straight y/y rise and continuing to post the highest gain since +2.4% in November 2008, according to the median forecast by economists surveyed by Market News International. The Bank of ...

MNI Survey: Japan Mar CGPI Seen +1.9%, 6th Y/Y Rise In Row

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TOKYO (MNI) - Japan's corporate goods price index for March is expected to have risen 1.9% on year, marking the sixth straight y/y rise and continuing to post the highest gain since +2.4% in November 2008, according to the median forecast by economists surveyed by ...

FRANCE DATA: Feb industry output +% m/m after Jan….

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FRANCE DATA: Feb industry output +% m/m after Jan +0.7% m/m (+1.0%) -- Below expected; MNI analysts survey median forecast +0.5% m/m -- Jan-Feb industry output +2.0% vs 4Q average; 4Q +1.0% q/q -- Feb mfg output +0.7% m/m after Jan +1.5% m/m (+1.8%) -- For more information, please see MNI MainWire

French February industrial output +0.4% m/m

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In line with median forecast of +0.4%. January's data revised downward to +0.7% from previous +1.0%. Manufacturing output +0.7% m/m, in line with median forecast of +0.7%. January's data revised downward to +1.5% from previous +1.8%.

Eurozone ship is on the course that was set for it: heading for the rocks

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Two events last week saw the crisis in the euro-zone deepen - the Portuguese bail-out and the ECB's interest rate increase. But much more is brewing says Roger Bootle..... Not that the euro's exactly suffering any ill effects......

BOJ Report: 7 Japan Regions Lower Economic Views After Quake

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TOKYO (MNI) - The Bank of Japan on Monday said seven out of the nine Japanese regions have lowered their economic assessment from January in the aftermath of the March 11 earthquake and tsunami. "Cautious views about the ...

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