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Aussie stable in an uneventful Monday trade

There are no major data releases today. The Aussie is drifting between gains and losses at 0.7330 slowly climbing back to the RBA desired range. The Australian dollar jumped to its highest mark in seven weeks as commodities rise and the US dollar is hurt by reduced rate hike expectations on Friday. The gains were driven by a sliding US dollar as investors took a set against the potential for a 2015 rate hike on the back of Thursday's release of dovish minutes from the US Federal Reserve's September meeting. Read more...

BoE keeps interest rates unchanged, inflation in focus

Bank of England policy makers said the U.K. economy is withstanding international pressures, while also signaling they have room to keep the benchmark rate at a record low as inflation weakness persists. In the minutes of its October meeting, the Monetary Policy Committee weighed the risks of a further global slowdown against resilient domestic demand and consumer spending. The panel voted 8-1 to keep the key rate at 0.5 percent, with Ian McCafferty maintaining his call for an increase.
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RBA left interest rates unchanged

Australia's central bank left interest rates unchanged on Tuesday for a fifth straight month in a widely expected 
move and offered no clues to indicate it may change its steady stance any time soon. The Reserve Bank of Australia (RBA) kept the cash rate at a record low 2.0 percent, where it has been since the last cut in May. In a brief statement that was almost identical to the September note, the RBA reiterated that it would look to upcoming data to judge if the current policy setting needed to be adjusted. 
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Aussie lower in a quiet Asian trade

Aussie fell this morning despite the fact that there are no major domestic or regional data releases scheduled today, something that points to the likelihood of Chinese markets again dictating sentiment, hence direction in the Aussie. The currency was hit hard by a fresh slide in commodities as Chinese growth fears resurfaced in the wake of data showing a slide in industrial profits.  Read more...

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