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Weekly Talking Points - Holiday trading kicks in

Our round-up of what to expect in the coming week and the key events of last week. The regular Spotlight feature looks at the latest Fed projections. We discuss recent market moves in our review section, including the yield spread between Italian BTP's and German bunds. To read more please subscribe.

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FX market participants continue to trade off of interest rate differentials - and expectations of changes in the differentials. Fed rate hike expectations have disappeared lately and the USD has lost

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