Ukraine still in the limelight – Danske Bank

FXStreet (Edinburgh) - The events from the Russia-Ukraine situation would continue to be a relevant factor to count on in the upcoming sessions, commented Senior Analyst Morten Helt at Danske Bank.

Key Quotes

“The crisis in Ukraine dominated the media over the weekend as seven members from the inspection team under an Organisation for Security and Cooperation (OSCE) including inspectors from Germany, Poland, Denmark, Sweden and the Czech Republic were seized late Friday by pro-Russian rebels”.

“The US and the EU plan to introduce further sanctions against Russia as a response to the development in Ukraine. According to Obama administration officials, sanctions will target those in Russian President Vladimir Putin's inner circle and the industries they control, including defence”.

Asia EM Express: China's Politburo says monetary policy to remain on hold for now

Following the meeting on economic issues held by China Communist Party's Politburo on Friday, a statement was published suggesting that the current monetary policy stance should be left unchanged for now but that there were difficulties ahead which should be properly addressed. The Politburo called for boosting investment in such areas as tourism, health car, professional education and pledged to carry out reforms in taxes, prices and the financial sector.
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GBP/USD showing resilience – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the GBP/USD could visit 1.6900 in case it surpasses 1.6840...
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