FX Week 7 April 2013

FX Week

Three key developments

While the Bank of Japan (BOJ) lived up to expectations last week, and even exceeded them by easing monetary policy substantially, the ECB lived down to them by sitting on its hands. US economic data also disappointed relative to what was expected with March employment data weakening after strong gains in January and February. These three developments will have significant implications for the FX markets in coming weeks, months and in some cases years.
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