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Forex Flash: Australian economy would benefit from another 25 bp RBA rate cut - NAB

FXstreet.com (Barcelona) - According to NAB analysts: “Given the structural adjustment occurring in the [Australian] economy at present, as well as softness in labour market conditions, we still believe the economy would benefit from another 25 bp rate cut this year (November),” the NAB says, adding: “this would take the RBA’s cash rate to 2.50%. However, further deterioration in labour market conditions could see earlier action and possibly more than one cut,” they suggest.

Forex Flash: RBI may have more room for monetary easing – TD Securities

The USD/INR has risen quite sharply over the last 10 trading days, and some analysts believe that based on recent inflation readings from India which have come in below estimates, the pair could set up for additional gains going forward as the RBI now has more room for additional easing.
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Australia Wage Price Index (QoQ) falls to 0.7% in 1Q from 0.8%

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