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Draghi's activist lean livens up dull.........>

FOREX
FOREX: Draghi's activist lean livens up dull Wednesday
-Following a particularly quiet European morning, Draghi's somewhat activist
stance in the ECB press conference provided some much-needed price action,
helping press EUR lower against all others in G10 and, most notably, the USD.
Draghi stressed that the central bank are ready to use "all instruments",
hinting that tweaks to their negative deposit rate policy could be forthcoming.
Markets initially read this as dovish, sending EUR/USD to $1.1230. Nonetheless,
the price action was short-lived as the USD weakened ahead of the Fed minutes.
-Elsewhere, AUD outperformed somewhat and looks to close above the 100-dma for
the first time since mid-February. Markets look ahead to PM Morrison calling a
federal elections for May 18th on Thursday. NOK also traded well following
better-than-expected CPI for March.
-French and German final CPIs are due as well as US PPI for March and weekly
jobless claims. Speeches from RBA's Debelle, Fed's Clarida, Kashkari and Bullard
and BoC's Wilkins.

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