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Forex Flash: Little change at the RBA - BBH

FXstreet.com (Barcelona) - Brown brothers Harriman analysts note that the minutes from the Reserve Bank of Australia's meeting were released and the tone and substance seemed little changed.

They see that there is scope for additional easing if necessary, but no urgency to do so. Further, the Aussie's gains today are not so much a reaction to the minutes, but to general corrective forces that have lifted the dollar bloc. They write, “Last Thursday, the Australian dollar was approaching $1.06 and yesterday had dipped below $1.03. The first retracement level comes in near $1.04. The Canadian dollar's drop was not as dramatic and the first retracement objective for the US dollar comes in near CAD1.0190.”

Forex: AUD/NZD finds support at daily low

Having declined throughout today´s trading, AUD/NZD looks to have found support at the low and started to edge higher.
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Forex Flash: GBP/AUD unlikely to retest January highs of 1.5400 – Westpac

The GBP/AUD has been repeatedly rejected below 1.4500 and now looks set to test 1.5150 multi-week. However, “the early January highs near 1.5400 seem unlikely to be tested multi-month, as the UK economy continues to struggle and incoming BoE governor Carney is likely to be open to bold new monetary measures.” notes Sean Callow, an FX Strategist at Westpac.
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