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Forex Flash: RBA rate cut by 25bp within 6 months still viable – TD Securities

Investors got very much surprised with February labor force report pointing to 71.5K added jobs and a higher participation rate. leaving the unemployment rate unchanged at 5.4%. “An unusual report like this one needs to be treated with caution. AUD OIS has almost completely given up pricing another -25bp cut within the next six months. However given our view that Q1 CPI will be rather soft, with underlying inflation hugging the bottom half of the RBA’s target band, we recommend fading this move”, wrote TD Securities analyst Alvin Pontoh.

ECB Monthly Report: Economic activity in the Eurozone to recover in mid-2013

March's ECB Monthly Report includes information on the latest ECB meeting during which the Governing Council decided to leave the rates unchanged at 0.75%.
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Forex: EUR/HUF in fresh highs above 305.00

The Hungarian forint is resuming its depreciation against the shared currency on Thursday, hovering over session highs in the area of 305.40/50 despite the industrial production in Hungary contracted 1.4%....
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