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Aussie little changed in a quite Good Friday trade

There were no data releases from Australia this morning with banks being closed in observance of Good Fiday holiday. On the currency front, the rig count data likely boosted the Australian dollar, according to Stephen Innes, a senior foreign-exchange trader at Oanda. Because Australia relies heavily on its commodity exports, expectations of some relief from the long oil-price rout can sway the currency. The Australian dollar was fetching around $0.7517 Friday morning, up from as little as $0.7480 on Thursday.  Read more...

ANZ forecasts no rate cuts for the rest of the year

ANZ forecasts the RBA is on hold for the rest of this year and through 2017. According to ANZ economy is on firmer footing. Global risks are dissipating, while domestic economy is likely to continue to be a slow grind. ANZ had previously been looking for two further cuts this year. Read more...

Aussie stable above 0.76 handle

There were no major data releases from Australia this morning. The Australian dollar continues to soar amid a relentless greenback sell-off following the US Federal Reserve’s policy announcement. The Australian dollar is expected to grind higher to 78 U.S. cents in the near term before losing momentum after reaching its highest level since July 2015 on broad-based U.S. dollar weakness overnight. Read more...

Sterling pulled back in a quiet Friday's morning trade

There are no data releases from the UK today. Markets are still being influenced by UK job figures and recent BoE stanzas regarding monetary policy. UK labour market figures showing a meagre rise in wages and the bleak assessment of the outlook for the UK from the Office for Budget Responsibility as revealed by the Chancellor George Osborne are kept in mind by policymakers. Read more...

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