EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Will the Reserve bank of Australia support the AUD?
The Reserve bank of Australia will make its statement and announce an official rate on April 2, at 06:30 MT time.
We anticipate the interest rate to remain at 1.5%. But we need to pay attention to the tone of the rate statement. The statement will contain an outlook on the monetary policy of the country and offer clues on future rate decisions. Hawkish hints on the changes of the RBA monetary policy will support the Australian dollar.
• If the RBA is hawkish, the aussie will rise.
• If the RBA is dovish, the aussie will fall.
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EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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