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Speculation of more action will weaken the current program – ECB’s Liikanen

FXStreet (Mumbai) - The European Central Bank (ECB) member Liikanen played down the fears that ECB would do more easing to combat deflation by stating that there is no need to panic about inflation and that talks of more easing would reduce the effectiveness of the current program.

Key Quotes

“ECB should not take hasty policy decisions in response to recent lower inflation”

“ECB must keep to its mandate, Must be alert on the downside risks to growth”

Delay in Fed lift-off to support AUD/USD – Westpac

Sean Callow, Research Analyst at Westpac, suggests that the cooling expectations for Fed rate rise is likely to help AUD/USD as markets now place only a 35% probability of the Fed raising interest rates this year.
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AUD: RBA comfortably on hold, unbothered by Fed – HSBC

Paul Bloxham, Chief Economist at HSBC, suggests that today's announcement by the RBA was unsurprising, with the cash rate left on hold at 2.00%. More importantly, the post-meeting statement was almost identical to last month's, implying that the RBA was just as comfortable with its policy setting as it was last time the board met.
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