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China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs

After downgrading the US GDP growth forecasts on Sunday, the Goldman Sachs economists cut China Q1 2020 as well as full-year growth estimates, in light of the coronavirus-led economic disruptions.

Key quotes

Q1 GDP estimate for China slashed to -9% YoY from +2.5% previously.

China's full-year 2020 GDP growth forecast cut to 3% from 5.5% previously.

EUR Futures: Look consolidative near-term

Open interest in EUR futures markets rose for the fourth consecutive session on Monday, this time by nearly 19.8K contracts according to preliminary d
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GBP/USD shifted the attention to 1.2060 – UOB

Cable remains under pressure and it has now shifted its focus on a potential break below 1.2230, which should lead to a visit of the 1.2060 level, sug
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