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Forex Flash: FED Chairman will continue to drive policy - Rabobank

FXstreet.com (Barcelona) - 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.”

“When all’s said and done, though,” the analysts note, “we see no evidence that Chairman Bernanke is changing his view and he’ll continue to drive policy,” they conclude.

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

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.
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Forex Flash: RBA cut back on the table after Aus jobs - NAB

According to NAB, the poor Australian jobs number, and with the outlook for non-mining investment still poor, "the prospect of a further rate cut by the RBA is back on the table, especially if the Q1 CPI on April 24 is well behaved (NAB expects a 0.5% increase in the underlying rate for 2.4%yoy)."
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