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Bank of Canada to keep rates steady next week; hike in third quarter 2015

By Louise Egan OTTAWA (Reuters) - The Bank of Canada is unlikely to raise interest rates until the third quarter of 2015, possibly later than the U.S. central bank, and will stick to a staunchly neutral stance in its policy statement next week, a Reuters poll of analysts showed on Wednesday. The Canadian central bank may forecast a slightly higher profile for inflation in its quarterly Monetary Policy Report (MPR) on April 16, and it may sound upbeat about the positive effects on Canada of a strengthening U.S. economy.

Carry trades are back: 'fragile five' in demand at euro's expense

By Anirban Nag LONDON (Reuters) - Borrow-low, invest-high carry trades in foreign exchange markets are back again after a bad few months, as anticipation of a U.S.-led global recovery lures investors to return to risky emerging currencies, with the euro a likely loser. In demand are the currencies of the "fragile five" countries highly reliant on foreign capital - the Turkish lira, the South African rand, the Brazilian real, the Indonesian rupiah and the Indian rupee.

Excerpt on policy from March 18-19 FOMC minutes

(Reuters) - The following is an excerpt covering the Federal Open Market Committee's discussion of monetary policy taken from the minutes of the FOMC's March 18-19 meeting, which were released on Wednesday. For a full text, see http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

Factbox: Fed staff forecasts from FOMC minutes

(Reuters) - The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings: MARCH 18-19 FOMC: Minutes released on April 9:

Greece's return to bond market seen boosting periphery debt

By John Geddie LONDON (Reuters) - Greece's imminent return to bond markets just two years after restructuring its debt lifted investor appetite for riskier credits on Wednesday and was seen pushing peripheral yields back towards multi-year lows. Yields on sovereign bonds from the euro zone's periphery dipped but remain slightly higher on the week after European Central Bank policymakers warned that any move to print money to raise ultra-low inflation was still a long-way off.

China sees less policy room to fight growth slowdown

BEIJING (Reuters) - China has less and less room to rely on policy tools to support the economy, the country's top economic planning agency said on Wednesday, as the government tries to arrest a protracted slowdown this year. Last week, the government announced plans to quicken construction of railways and affordable housing, and cut taxes for small firms to support the economy.

US growth slow but steady

The clearing of Washington's fierce debt and deficit battles of the past three years has opened the way toward stronger US economic growth, the International Monetary Fund said Tuesday. Discounting any lasting impact from the unusually harsh winter in much of the country, the Fund reaffirmed its forecast that the US economy would expand by 2.8 percent in 2014 and pick up to 3.0 percent next year. "The unusually harsh winter weather weighed on activity in early 2014, but growth is expected to rebound over the rest of the year," the Fund said in its World Economic Outlook.

US growth slow but steady

The clearing of Washington's fierce debt and deficit battles of the past three years has opened the way toward stronger US economic growth, the International Monetary Fund said Tuesday. In its newest global forecasts, the IMF said that the end of the fight between the White House and congressional Republicans over spending has removed uncertainties that spilled around the world, raising the prospect of a forced US economic contraction or a debt default.

US growth slow but steady

The clearing of Washington's fierce debt and deficit battles of the past three years has opened the way toward stronger US economic growth, the International Monetary Fund said Tuesday. In its newest global forecasts, the IMF said that the end of the fight between the White House and congressional Republicans over spending has removed uncertainties that spilled around the world, raising the prospect of a forced US economic contraction or a debt default.

Asian shares mostly up, but yen sinks Tokyo

Asia's markets mostly rose on Wednesday following a slight rebound on Wall Street but Tokyo took another hit from a stronger yen. Oil prices eased after surging on Tuesday on renewed fears about tensions in Ukraine. Tokyo tumbled 2.10 percent, or 307.19 points, to 14,299.69, but Seoul rose 0.30 percent, or 5.92 points, to 1,998.95. Australian shares were supported by a surge in retailer David Jones after it received a takeover offer. Sydney ended 0.98 percent higher at 5,463.8 -- its highest close since June 2008.
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