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Monday, 03 October 2016
News

Aussie slightly higher in a quiet Monday trade

It was a quiet Monday morning trade for Aussie which is stable above 0.7650 handle. MI Inflation Report showed 0.4% increase, and there were no any other major data releases. Traders are also being cautious ahead of RBA interest rate decision. The RBA will release its next interest rate decision at 0300 GMT on Tuesday.

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Friday, 23 September 2016
News

Aussie little changed in a quiet Friday trade

There were no major data releases from Australia today with traders still under influence of RBA's recent stanzas. The minutes of the RBA’s September 6 meeting stated that economic data from Australia over the past month “had been broadly consistent with the forecasts published in the August Statement on Monetary Policy.” The RBA minutes provided support for the AUD/USD because traders interpreted them to mean that interest rates are likely to remain on hold in the foreseeable future because growth remains in line with expectations, and the RBA remains comfortable with the housing market.

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Tuesday, 20 September 2016
News

RBA minutes showed stable outlook for interest rates

Interest rates are likely to remain on hold in the foreseeable future, with the Reserve Bank of Australia flagging that growth remains in line with expectations, and the RBA remains unperturbed by the housing market. The RBA left interest rates on hold at an historic low of 1.5 per cent earlier in September. The minutes released today said business investment had fallen further in the June quarter, driven by a decline in mining investment, in line with earlier expectation.

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Monday, 12 September 2016
News

Aussie lower in an uneventful Monday's trade

There are no major data releases today, however Aussie was psuhed lower this morning continuing Friday's downtrend. The market's focus is on whether the U.S. Federal Reserve will raise interest rates soon, and also on whether the Bank of Japan will add to its aggressive monetary stimulus. Both central banks hold policy meetings on Sept. 20-21.

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