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Forex Flash: RBA downward pressure on yields to resume – RBS

FXstreet.com (Barcelona) - With Australian jobs number showing the antipodean economy lost -36100 jobs in March when -7500 were expected, RBS strategist Greg Gibbs thinks now that “The weaker data and higher AUD should combine to resume downward pressure on Australian yields,” he said, adding: “However, it is less clear if the AUD will remain lower with the increased global demand for high yield assets.

From RBS: “This may increase the burden on rates to provide additional monetary policy easing later in the year,” the analyst concludes.

Forex: AUD/NZD breaks sharply lower after Aussie jobs data miss

The AUD/NZD continues to slide during Asia trade after employment data out of Australia missed estimates and sent the pair sharply lower by 55 pips to 1.2233. The pair has been trending lower the last 4 weeks and is down 2.45% since late March.
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Forex Flash: FED Chairman will continue to drive policy - Rabobank

According to the Financial Markets Research team at Rabobank International: “The (FED) Minutes had a slightly hawkish tone to them noting that some members “thought that if the outlook for labor market conditions improved as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by year-end.”
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