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Aussie stable above 0.76 handle

Aussie was little changed this morning as banks are still being closed due to the Easter holidays, with no data releses. The main issue still remains downtrend in China's growth which causes decline in iron ore prices. The Aussie trade figures, released on Thursday, added to the belief that the iron ore price won’t recover any time soon because of less demand for the metal from China. The trade deficit hit its largest level in five months on the back of falling iron ore prices and the lower Australian dollar. Read more...

Aussie in decline in uneventful morning part of the session

Aussie is spending morning part of the session in decline after yesterday's huge uptrend due to FOMC Statement from which it could be concluded that we cannot expect rate hike in the next few meetings. On the other hand it is a steadier week with Australian data since there are no major data releases. Markets are still speculating on another round of rate cut.
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USD sharply down after FOMC Press Conference

USD was pushed sharply down after FOMC Press Conference. Though interest rates were unchanged and word patient was dropped out from the statement but it was stated that removing the word patient from the statement doesn’t mean that Fed is going to be impatient.
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Sterling lower in an uneventful Tuesday's session

There were no data releases from the UK today. With that, traders are being more focused on interest rate hike speculations and forthcoming elections as they await for tomorrow's job figures and BoE Meeting Minutes. Bank of England Governor Mark Carney said on Thursday that he was in no hurry to raise interest rates. The recent gains by the pound against the euro can keep inflation low and therefore the BoE can put off rate hikes, he said. Carney’s comments pushed rate hike expectations further into the future, along with worries that persistently low inflation will keep rates at their historic lows for a longer time. 
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