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AUD negative bias ahead of RBA decision

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Risk of more easing bias in RBA (by Peter Rosenstreich) Overnight Australian February retails sales m/m disappointed coming in unchanged against 0.4% expected. The weaker retail sales highlight the risks building in domestic data downside expectations given the tightening in monetary and fiscal conditions. At tomorrow RBA policy meeting we expect the committee to stand pat yet the risk towards more easing has increased. Traders will be watching for clues on understanding

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