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ECB ends QE on a dovish note

The European Central Bank announced that it is ending quantitative easing, as planned. It followed with a dovish appraisal from Mario Draghi, but as I discuss with NAB’s David de Garis, his fear of growing downside risks didn’t do too much damage to the Euro. Otherwise, it’s been a fairly quiet 24 hours, with little to report on China v the US and the UK v the EU. Instead, its time to look ahead – with a swag of data from China and Japan today, and US retail sales tonight.

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