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ECB’s Liikanen on the wires

Written March 16, 2012 at 4:06 AM EST by Vincent Facchino 

* All ECB crisis measures are temporary

* ECB has done its part, now governments must do theirs

* Downside growth risks stem from debt crisis

* No rate move discussed at last month’s meeting

* ECB and governments must separate responsibilities

* Eurozone still in a crisis that is long and deep

Archived in Forex News

3-16 Economic Calendar

Written March 15, 2012 at 11:27 PM EST by Vincent Facchino 

Archived in Economic Statistics

Eurozone Q4 employment change q/q -0.2% vs -0.2% expected and prior -0.1%

Written March 15, 2012 at 6:03 AM EST by Vincent Facchino 

Q4 Labor costs 2.8% vs 2.3% expected

Eur/Usd continues to trade 1.3050-60.

Archived in Forex News

ECB’s bulletin sees signs of stabilazation in Euro area economy

Written March 15, 2012 at 5:09 AM EST by Vincent Facchino 

* upside risks prevail on inflation

Eur/Usd jumped to 1.3060 on news.

Archived in Forex News

SNB 3 month LIBOR target range remains at 0.0% to 0.25%

Written March 15, 2012 at 4:43 AM EST by Vincent Facchino 

* SNB to continue to defend Eur/Chf ceiling of 1.2000

* Chf  is still high; ready to take further measures

* economy to expand 1.0% in 2012 vs previous 0.5% estimate

* there is no risk of inflation in forseeable future

Archived in Forex News

JPY strengthens; Usd/Jpy down to 83.50

Written March 15, 2012 at 3:30 AM EST by Vincent Facchino 

Currency movement attributed to Japan ministry of finance official Nakao, stating one sided JPY rise could resume due to market speculation.

Archived in Forex News

Swiss government raises growth forecast, doen’t see recession

Written March 15, 2012 at 3:05 AM EST by Vincent Facchino 

* GDP to rise 0.8% in 2012 vs previous 0.5% estimate

* 2013 GDP should rise 1.8% vs previous 1.9% estimate

* further economic worsening is unlikely

* economy should gain strength over year

* economy showing some signs of stability

* export slowdon is less marked than feared

* debt crisis is considerable risk

Usd/Chf off 20 points to .9288

Archived in Forex News

3-15 Economic Calendar

Written March 14, 2012 at 11:27 PM EST by Vincent Facchino 

Archived in Economic Statistics

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