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Forex Flash: RBA Minutes in Focus – NAB Global Markets

FXstreet.com (Barcelona) - In the coming Asia session, market participants will be focused upon the RBA minutes release due out at 1:30 GMT. According to analysts at NAB Global Markets “As for the RBA Minutes, there’ll be particular focus on the RBA’s easing bias – evident in the post-April Board meeting media release – contains the same words from last month’s Minutes to the effect that “…. Further reductions may be required.”

NAB went on to add, “Note also that the Minutes have been superseded by strong retail sales but softer recent data and the CPI yet to come next week before the May meeting.”

Forex: AUD/USD breaks below 1.0350 on its biggest single day fall since Nov 2011

AUD/USD is last at 1.0338, off recent fresh 1-month lows at 1.0290, following massive sell-off in commodities such as Gold, and bombing attacks in Boston. The pair suffered its biggest single day decline since early Nov 2011, now down -1.57% for the week so far, 2 hours away from RBA meeting minutes, when market will try to find any hint for further rate cuts ahead.
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Forex: AUD/JPY plummets as risk appetite fades

The AUD/JPY suffered steep losses today, dropping 3.13% and closing the US session at 99.63. At one point the pair traded as low as 98.74 before stabilizing and drifting slightly higher at the end of the day. Market participants should be aware of the RBA Minutes release later in the session at 1:30 GMT.
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