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BoE left its interest rates unchanged

As it was largely expected BoE left its interest rates unchanged.The Bank of England’s Monetary Policy Committee at its latest meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.The minutes of the meeting will be published at 9.30 a.m. on Wednesday 22 April. 
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Aussie heading towards 0.77 handle

It is another steadier session for Aussie this morning with no major data releases from Australia. Pair is still near 0.77 handle trying to break higher after RBA left interest rates unchanged on Tuesday.Heading into the event, economists were almost evenly split but financial markets had priced in a strong probability the central bank would cut at the April meeting. The RBA did however maintain that further cuts were possible and that means rates could be lowered as soon as the May meeting.
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Aussie higher in an uneventful morning part of the session

There were no data releases from Australia this morning. Traders are still weighing in recent RBA rate decision. After Aussie initially went all the way to 0.77 it practically lost all of its gains indicating general weakness in the pair, however, further fall in exchange rate is something that RBA is hoping for since this should help economic recovery, if it is to believe to Tuesday's statement. Though, RBA left interest rates unchanged it did not exclude possibility of further reduction in the following meetings.
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Aussie higher after RBA Statement

As it was largely expected RBA left its interest rates unchanged in April at 2.25%. However it was noted that further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target."The Board will continue to assess the case for such action at forthcoming meetings." 
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