- 2nd half of 2011 slightly stronger than anticipated
- Inflation slightly firmer than expect; to ease going forward
- Additional measures will be needed to contain European crisis
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BOC keeps rates unchanged at 1%; European recession to be deeper than thought
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- FX option expiries for 1 May 10am New York cut
- Reminder: European markets will be closed today
- USD/JPY bounces back after supposed intervention effort by Tokyo yesterday
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