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ECB hasn't deliberately pushed the euro to its current multi-year lows – ECB’s Liikanen

FXStreet (Mumbai) - The ECB's current monetary policy is not deliberately directed toward depreciation of the single currency, the bank's Governing Council member Erkki Liikanen said on Wednesday.

In a speech entitled "The ECB and its watchers", Liikanen denied that the bank's goal was to push the euro lower - currently sitting at a 12-year low versus the US dollar - so that the bloc's economy might revive through cheaper exports.

The governor also reassured markets that the sovereign debt purchases will last "until September 2016, or longer".

GBP/USD capped at 1.4980 – UOB

Analysts at UOB Group, view that GBP/USD might remain capped at 1.4980levels, and any rebound would target 1.4870.
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USD/JPY hits fresh lows below 121.50

USD/JPY swung between gains and losses during the Asian session, bouncing-off stiff resistance around 121.65 levels and fell back closer to 121 handle as traders brace for key US retail sales data for fresh cues on the pair.
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