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Fed’s Evans: Markets pricing of rate hikes more pessimistic than Fed

More comments hitting the wires from Chicago Fed President Evans, as he speaks in Hong Kong:

Needs to be proactive and aggressive to get up to FED inflation targets

Financial markets pricing of U.S. interest rate hikes more pessimistic than FED

Economic outlook for China is "challenging"

Difficult for China to manage economic transition without it being bumpy

EUR/JPY drops to lowest since March 24th

JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Off
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Market movers for the day – Danske Bank

Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March.
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