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Currency Monitor 2012-04-24

April 24, 2012
  • Europe dominates as the Dutch cabinet resigns, which will likely lead to snap elections
  • A report shows EU debt reached a record of 87% of GDP last year, close to the 90% threshold
  • Italian consumer confidence hits a record low, while Spain officially enters a recession
  • EU manufacturing slides to a 3-year low; ECB's Nowotny says "no point" in cutting rates
  • Treasuries and Bunds rally; Treasury gains may be limited with FOMC meeting tomorrow
  • YEN strengthens on safe-haven buying ahead of this weeks key BOJ meeting
  • AUD weakens on a surprise drop in producer prices ahead of today's key inflation data
  • China's flash manufacturing contracts; Governor Zhou says PBOC may relax borrowing costs
  • NZD weakens as PM key again says it's overvalued; repeats aversion to intervention
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