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Forex Flash: RBA's Lowe speech hints RBA content to sit and wait - NAB

FXstreet.com (Barcelona) - Following RBA's Deputy Governor Mr. Lowe speech earlier today, NAB notes "the RBA is content to sit and wait for now as mining/ non-mining story unfolds..."

NAB adds: "His comments again emphasized that while the RBA was monitoring the situation closely, several of the building blocks were falling into place as far as how you'd expect easing to flow through the economy. Steady rates for now is how we expect policy to play out in the near term with rates forecast by NAB to remain steady for the next two meetings."

NAB's still expects cuts by the tune of 50 bps, "with the next most likely cut slated for the June meeting" the bank says.

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

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."
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Forex Flash: We may be entering a new era for the AUD - HSBC

According to HSBC research team, "it has become evident that equity market performance is no longer able to support the AUD" wit the S&P performance, which had supported the AUD rally since 2008, now decoupling its relationship.
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