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SNB’s Jordan: Negative interest rates currently indispensable

In an interview with Sueddeutsche Zeitung conducted on Sunday, the Swiss National Bank (SNB) Chairman Thomas Jordan, commented on the negative interest rates policy and exchange rate level.

Key Headlines via Bloomberg:

Globalization concerns must be taken seriously

Negative interest rates currently indispensable

To partially maintain the historical rate difference against EUR & and other currencies

Without rate difference Swiss franc would come under even stronger appreciation pressure

GBP/USD in bearish consolidation below 1.2500

The GBP/USD pair stalled its recent bearish streak, and now consolidates the downside before the next leg lower, as markets continue to sell-off the G
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Leveraged Funds net short JPY and EUR positions cut - Nomura

Research Analysts at Nomura elaborate on the FX positioning index heading into a new week, analyzing data from the CFTC COT report. Key Quotes: JPY:
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