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Three reasons why we still forecast
by Nadia Clause Web Designer
The BoJ experience points to the constraints of additional easing, and yesterday we introduced two dimensions along which these constraints can be assessed: fixed income risk premia and banking sector
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Review on Three reasons why we still forecast
Reserve managers a big negative for the euro The ongoing decline in FX reserves doesnt matter for the yen because central banks dont own Japanese assets. In contrast, the euro is the worlds second major reserve currency and the drop in EM reserves requires ongoing EUR/USD selling to maintain constant relative FX allocations. Our best estimate of the drawdown in reserves over 2016 is 700bn-1.6trillion on an FXadjusted basis (chart 1), which assuming a 25% euro share is equivalent to 200-400n of euro selling.Related to Three reasons why we still forecast
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About Nadia Clause 
Web Designer
3 connections, 0 recommendations, 18 honor points.Joined APSense since, March 22nd, 2016, From Chandler, United States.
Created on Sep 27th 2016 16:56. Viewed 417 times.
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