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Forex Flash: Risk for the Euro remains to the downside - RBS

FXstreet.com (Barcelona) - As Greg Gibbs, FX strategist at RBS, notes: "The EUR has recovered as the market presumes the Cyprus bailout will not have a sustained contagion. However, the EUR remains lower than its range on Friday in a down-trend."

"If The EUR does not shrug-off this Cyprus event, but continues its recent gradual decent, sentiment for the EUR will start to turn more decisively negative. At this stage sentiment and positioning is mixed" Greg adds.

RBA minutes shows neutral stance: accommodative policy appropriate

The RBA March policy meeting minutes turned out to be a non-event, with the statement pretty much repeating past ones. On the economy, the RBA sees it is responding well to low rates, while insisting that there is scope to cut further only if needed; also, they remind that the Aussie dollar is too high.
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Forex Flash: RBA's Lowe speech hints RBA content to sit and wait - NAB

Following RBA's Deouty Governor Mr. Lowe speaks earlier today, NAB notes "the RBA is content to sit and wait for now as mining/ non-mining story unfolds..."
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