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China was a top buyer of US crude in February – Bloomberg

As per Bloomberg report, China nearly quadrupled its oil imports from the US in February, surpassing Canada as the top buyer of US oil.

China imported 8.08 million barrels of US light crude. That pushed US oil exports to a record 31.2 million barrels during the month. Meanwhile, Canada imported 6.84 million, down 20% from a month earlier.

USD/JPY: major risk events ahead, market remaining on-guard sub 111 handle

Currently, USD/JPY is trading at 110.83, up 0.07% on the day, having posted a daily high at 110.93 and low at 110.66. USD/JPY was up to test the 50 s
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US data solid, Q1 GDP tracking estimate unchanged at 0.8% - Nomura

Analysts at Nomura offered a review of the latest data from the US. Key Quotes: "There were no major surprises in the February trade balance report.
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