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Japan’s economy contracted and Chinese trade activity looks terrible. This did not stop markets from rallying and it carried away currencies: the safe haven euro and yen continued their downfall while commodity currencies are looking good. The pound is a bit mixed on worries that Cameron can really deliver a deal with his euro-zone peers and his own party. The better mood in markets could also mean the return of faith in central banks, something that wasn’t of abundance last week. Can this continue? This remains an open question especially in light of the Fed’s meeting minutes. We also discussed AUD/NZD alongside the usual round up of currency pairs.

This is the recording of the full morning show for February 15th 2016: