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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

RUSSIA
  • interesting to note the removal of any mention for additional room to ease rates in this statement vs the December statement
  • meaning further cuts on a moderation of inflation into the back end of the year is unlikely to be met with a 25bp cut as was previously hinted at in December
  • "Bank of Russia will assess the subsequent developments and the existence of a potential for additional key rate reduction"
  • This is further supported by comments aimed at returning to neutral monetary policy
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