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February 17, 2009

Economic Data Releases

Today sees the release of economic sentiment in Germany and the Eurozone along with the release of UK inflation data that should once again indicate a sharp fall due to the weakening economy.

USDJPY is higher as Japanese Finance Minister Nakagawa said he would resign after budget bill had passed through parliament. Nakagawa’s decision comes after he was seen slurring his speech at G7 which he stated is due to ill-health.

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