ForexLive European FX news wrap: That sense of apprehension 0 (0)

Headlines:Commodity currencies hold lower as risk stays more defensive on the dayOil looks to be faltering at the final hurdle this weekUK December retail sales -3.7% vs -0.6% m/m expectedChina premier Li says will not resort to flood-like stimulusPBOC calls on lenders to extend more credit to compa

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China premier Li says will not resort to flood-like stimulus 0 (0)

Will appropriately step up policy support for the economyThese are typical remarks and ones that we have heard before but context matters. This comes after the PBOC cut rates earlier in the week and also moved to cut the SLF by 0.1% from 17 January. As such, it hints at a pause in terms of added eas

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Morgan Stanley raises Brent forecast to $100 from $90 previously 0 (0)

The firm notes that:“The oil price required to trigger sufficient demand erosion appears higher than we estimated. Hence, we raise our Brent forecast to $100/bbl by 3Q, up from ~$90/bbl before.“Well, that certainly might come but it’s still very early in the year and a lot can change in the months a

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