Daily FX Update, 12 March 2015

v  ECB President Draghi noting that the combination of lower oil prices and the Bank’s QE program had resulted in the slowing in growth being “reversed”  v  Core machine orders in Japan contracted 1.7% m/m in January    v  China's industrial production and retail sales growth slowed more-than-expected v  Thailand's central bank lowered its key rate for the first time in a year in a surprise move       v  Malaysia’s external debt stood at MYR744.7 billion as at end of year 2014