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FED REACT: CIBC's Avery Shenfeld says the Fed statement offered little new news. "No market impact likely, although the curve has priced in some rate hikes for late 2011 that we see as highly unlikely," he says
SOUTH KOREA: Overnight, the Bank of Korea released Q4 GDP data showing that the economy grow by 0.5% q-o-q in Q4, slowing modestly from the +0.7% expansion seen in Q3, but the eight consecutive quarter of growth since Q1 2009 nevertheless.
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