Mar 17


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  • March, 17th, 2015 7:20 +00:00

Asian shares are trading higher on the possibility that weaker than expected US data may cause the FED to leave its wording open about timing of a future rate hike this year.

BOJ leaves rates unchanged as expected, keeps an aggressive stimulus but cuts inflation outlook, saying it will take some time to exit inflation.  BOJ is convinced that a steady moderate economic recovery is helping to reach price target without immediate monetary easing, sees some recovery in exports.

RBA leaves possibility for another cut open.

Draghi describes European recovery as ‚steadily recovering‘. A week after starting to print money to buy sovereign bonds, lower oil prices and structural reforms in the euro zone were helping to support growth.

Merkel and Draghi meet in Berlin today, and some Bundesbank members are holding speeches.

Turkish rate decision at 13.00 cet


Rates at time of writing EURUSD  1.0590     EURJPY    128.45    GBPJPY   179.91   GOLD 1156.10   OIL    46.05