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ECB’s Rehn: Can either cut or pause in April, depending on data

European Central Bank (ECB) policymaker Olli Rehn said on Tuesday that the central bank “can either cut or pause in April, depending on data.”

Additional quotes

The effect of increased defence spending would only likely be over the medium term.

Some of the downside risks defined in March will likely materialize.

Must not limit us to taking decisions only when we have fresh projections.

Undershooting target possible but not the main scenario now.

Market reaction

At the press time, EUR/USD gains 0.25% on the day to trade near 1.0950.

Silver Price Forecast: XAG/USD refreshes four-month high around $34 ahead of Fed’s policy decision

Silver price (XAG/USD) posts a fresh four-month high near $34.10 in European trading hours on Tuesday.
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USD/JPY to stay bearish on a strategic horizon – Danske Bank

Amid risk-on sentiment yesterday USD/JPY traded above 149 yesterday, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
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