Daily FX Update, 10 March 2015

v  OECD’s leading index signalled stable growth momentum in the region and positive development in the euro area  v  ECB’s broader sovereign bond QE program began overnight   v  Japan's revised reading of GDP expanded just 1.5% y/y in the fourth quarter of 2014  v  China's trade surplus rose to a record high in February as exports surged due to the effect of the timing of the Lunar New Year    v  Taiwan's exports growth declined unexpectedly in February     v  Taiwan's consumer prices decreased in February