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Forex Flash: RBA to hold rates until April at least – NAB

“It is possible, but not likely, that the release of the Capex report later this week will put a rate cut back on the table for the March RBA meeting,” say analyst team at the NAB, “So we continue to expect the RBA to remain on hold next week and also in April,” they add.

“A weak outlook for business investment will leave the scene set for more rate cuts over the next quarter or so, although probably not as early as 5 March,” the analysts conclude.

Few minutes ahead of HSBC manufacturing PMI China, AUD/USD is near session lows last at 1.0291 down -0.29% for the day so far, on headlines from WSJ warning on hidden risks of a hard landing in China.

Forex Flash: USD/CAD break above 1.0270 could spur a move toward 1.0450-1.0500 - BBH

With Loonie printing lowest levels against USD since late July last year at 1.0256 USD/CAD this Friday following weaker than expected Canadian data, latest COT figures show positions in CAD have been dropping, with commercials net CAD short positions slashed down in last month to lowest since Aug last year, from 1-year high by mid Sept.
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China HSBC Manufacturing PMI 50.4 in Feb

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