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Mar. 19: European session

European stocks paused from a two-day rally, with investors awaiting the US Federal Reserve's policy decision at 18:00 GMT. Markets have rallied earlier in the week as Ukraine woes eased a little. Although Crimea moves into Russia, investors interpreted the yesterday's Vladimir Putin's speech, in which he said he wouldn't seek a further division of Ukraine, as a step away from an escalation of the crisis.

EUR/USD trades around $1.3920, staying above the key $1.3880 near-term support. GBP/USD strengthened to $1.6645 on the upbeat UK labor market data. Claimant count fell by 34.6K in February (forecast: - 23.3K). January claimant count change reading was revised from 27K to 34K. As expected, unemployment rate stayed at 7.2%. BoE March meeting show all 9 MPC members voted to leave policy unchanged. 


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