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9 Feb 2016

ECB’s Weidmann – Inflation seen rising later than expected

FXStreet (Mumbai) - As per Bloomberg news, European Central Bank (ECB) member and president of the Deutsche Bundesbank Jens Weidmann reiterated today that inflation in the Eurozone will take more time to rise than expected earlier.

Key Quotes

Not seeing evidence of sharp contraction in China

New outlook to be discussed in March

Feb 9, 2016

Gold: Bulls back in the business, eyes $1200 mark

The bid tone around Gold gathered pace amid European stock market sell-off, with prices eyeing the USD 1200 mark again.

AUD/USD much weaker, breaks below 0.7000

The Aussie dollar is now rapidly losing ground vs. the greenback, taking AUD/USD to fresh los in sub-0.7000 levels...