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BoE left interest rates unchanged

Bank of England kept interest rates steady at a record-low 0.5% on Monday, in line with expectations, judging that the outlook for prices and wages is still too weak for it to raise the cost of borrowing despite solid growth prospects. The Bank issued no statement but Governor Mark Carney will explain more on Wednesday, when he presents a quarterly update to the central bank's forecasts for growth and inflation.
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RBA cuts its interest rate

RBA lowered the key rate to 2% from 2.25%, as it was predicted by traders and economists. Governor Glenn Stevens said in a following statement that “the inflation outlook provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand.
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Aussie ready to test 0.79 handle

Though there were no major data releases from Australia, Aussie was pushed higher this morning after Reserve Bank Governor Glenn Stevens said “ahead of next week’s meeting of the Reserve Bank Board, I have no comments to offer today on monetary policy. Read more...

Aussie testing 0.78 handle as a resistance

It is a steadier Friday's session for Aussie as there are no major data releases from Australia, however, currency was pushed once again to 0.78 handle at the European opening.The Australian dollar’s gains will be limited because of medium term weakness in commodity prices and expectations of a Reserve Bank interest rate cut in May. The Australian dollar (AUD) is forecast to find short-term strength as the follow-through from the weekend announcement of Chinese financial stimulus is felt. The Aussie has found strength over recent sessions after Chinese authorities announced they would cut reserve ratios for their banks in an effort to stimulate lending.
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