ECB’s Kazkas: Central bank does not target specific spread levels for indebted countries

developing story ....

ECB does not target specific spread levels.

Difficult to see rise in spreads as driven by changes in fundamentals.

Investors shouldn't get carried away with rate hike bets.

EUR/GBP sticks to gains near 0.8600 mark, focus remains on Lagarde's testimony

The EUR/GBP cross attracted some dip-buying near the 0.8555-0.8560 region on Monday and turned positive for the second successive day. The momentum li
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USD/JPY faces extra gains above 136.00 – UOB

The bullish bias in USD/JPY remains well in place and faces further advance once 136.00 is cleared, according to FX Strategists at UOB Group Lee Sue A
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