Tuesday 19 January 2016

XE Market Analysis: Europe - Jan 19, 2016

The yen is weaker amid improved risk appetite, while commodity currencies have firmed. This comes with oil and most other commodity prices gaining over 1% in the Asia session, and with stock markets rebounding, led by 3%-plus advances in the main China indexes. Chinese Q4 GDP matched the consensus forecast at 6.8% y/y, though there was some relief it wasn't worse while the data still maintained expectations for further stimulus efforts later in the year.



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