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Forex Flash: Australia weak data a case for RBA to ease as early as tomorrow - NAB

FXstreet.com (Barcelona) - As today's Australian data release shows, “Consumers and economy downshifted in March-April,” noted Senior Economist at the NAB David de Garis, suggesting there is a “case for RBA easing still there,” the analyst says, which “could be as early as tomorrow,” he points out.

For later on GDP data, “Retail volumes should contribute about 0.4% to Q1 GDP and see household consumption at around ¾%,” David adds, being “a reasonable start to year,” according to him.

Forex Flash: Look to sell Aussie on any bounce after RBA Rate Decision – NAB

The Australian dollar is trading slightly lower to start the week, down 24 pips at 1.0284. The pair had initially traded as high as 1.0308 earlier in the session, but has been drifting lower after the release of AUD Retail Sales which came in at -0.4% actual vs. 0.2% expected. All eyes will be on the upcoming RBA Rate decision, due out on May 7th at 4:30GMT.
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Forex: EUR/USD around 1.3120/25, Spanish data eyed

After hitting intraday highs around 1.3140 overnight, the shared currency retreated to the current area of 1.3115/20 ahead of the Spanish Unemployment Change and the final Services PMI print....
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