New Zealand Business NZ PMI dipped from previous 57.9 to 56 in February

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Mar 10, 2016

EUR/JPY: targets 100 dma - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair surged to its highest since February 18th, printing 126.76 before shedding some 50 pips by the end of the US session.

ECB made bigger changes than expected - Westpac

Richard Franulovich, analyst at Westpac explained that today’s multi-pronged ECB policy announcement – a 10bp cut in the deposit rate, a EUR20bn increase in the monthly pace of purchases and the announcement of four new targeted longer term refinancing operations - was initially greeted as a strong positive for risk assets.