The euro nursed heavy losses early in Asia on Friday, having suffered its biggest one-day drop in over six months after a shock slowdown in inflation.
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China's economy may have grown by 9.3 percent in the third quarter from a year earlier and consumer inflation will gradually fall to 4.6 percent in December, according to a Tsinghua University report whose results were published on Monday.
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Shane Oliver, head of investment Strategy and Chief Economist at AMP Capital Investors, expects China to start easing its monetary policy by the end of this year.
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Emerging market central banks spending billions of dollars to defend their currencies risk depleting their reserves without much success as a deepening global financial crisis sends investors towards safe havens.
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The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month's rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said.
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Switzerland's government will unveil a 1.5 billion Swiss franc ($1,9 billion) package to help the country deal with the strong currency when it meets later on Wednesday, a Swiss newspaper reported.
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The Bank of Japan is expected to ease monetary policy at a rate review on Thursday that was cut short to one day after Tokyo intervened in the currency market to weaken the yen, a source familiar with the central bank's thinking said.
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Spot gold edged lower on Wednesday, as easing worries about the Greek debt crisis dampened some appetite in bullion, but a weaker dollar is expected to give support to the sentiment.
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Europe will not let the euro fail and European Union countries are committed to cutting deficits, the president of the European Council told Chinese officials on Tuesday, seeking to ease fears that the euro zone crisis could imperil China's investments.
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