Canada Building Permits (MoM) rises to -4.1% in December from -6.6% (November)

USD/JPY falls as ADP came below expectations

The USD/JPY is trading below the 101.00 mark again following the weaker than expected ADP employment report. The pair has fallen around 40 pips in the latest few minutes to trade at 100.85.
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Flash: EUR/USD unaffected by massive ECB balance sheet shrinkage - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale believes that to understand the difference between the storyline of taper and economic reality one can look at the experience of the ECB.
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