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Forex Flash: RBA on hold but with a dovish statement – BBH

Brown Brothers Harriman analysts note that the RBA left rates on hold as expected, and issued a dovish statement.

To them, they feel that a March cut still looks like the odds on favourite and the statement has eroded any potential AUD boost from what has been relatively good data reported recently, including a smaller than expected trade deficit, firm auto sales, and decent housing readings too. They finish by writing, “Add in the fact that the firmer Asian backdrop did not give a boost either to the Aussie, and it would appear that the currency will have a hard time finding traction near-term during a busy data week. Retail sales are out tonight (Wednesday), followed by jobs data Thursday.”

Forex Flash: Japan’s non-energy trade picture also worsens - Nomura

Richard Koo, Chief Economist at the Nomura Research Institute sees that aside from energy, the trade picture in Japan is worsening.
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Forex: GBP/USD tests 1.5700 support after US data

The GBP/USD has been trading under pressure today, and after the spike high to 1.5804 on better than expected UK PMI Services data, the market became weak again, heading back to the 1.5700 support, where it has been holding the downside since January 28.
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