April 20th Top FX Headlines

[B]Japanese February all industry activity index[/B] rises higher than expected, jumps 0.9 percent on the month over month.
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[B]Japanese Finance Minister Omi[/B] concurs with G7, agrees that currencies should reflect economic fundamentals. Comments are in line with previous statements by ECB President Trichet.
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[B]Bank of England Governor Mervyn King[/B], speaking to business leaders in Yorkshire, notes determination in bringing inflation back to 2 percent level.
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[B]Canadian Retail Sales[/B] figures for the month of February surprises to the upside. Survey results rose 0.1 percent and reverses previous declines. Suggests growth is supported in the economy.
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[B]Australian import price index[/B] declines 1.7 percent, lower than expected for first quarter. Consensus pitted the figure to decline by just 1 percent. February’s leading index, however, rises 1.4 percent and counters -0.2 percent consensus estimate.
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[B]French March consumer spending [/B]rises 0.7 percent on the month, remains supported for 6.3 percent on the year over year. The figure was higher than expected and shows growth in the zone’s third largest economy.
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[B]UK[/B][B] March retail sales[/B] rises lower than expected, adds 0.3 percent in the monthly comparison. Year on year, the figure remains higher by 4.8 percent.
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[B]Swiss March producer and import prices[/B] advance by 0.3% on the month over month, as expected.