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RBA delivers expected 25bp cut – ING

The Reserve Bank of Australia delivered a widely expected 25bp rate cut, prompting a modest AUD dip as markets viewed its lowered inflation and growth forecasts as dovish, ING's FX analyst Francesco Pesole notes.

AUD dips on dovish growth, inflation outlook

"The Reserve Bank of Australia cut rates by 25bp as widely expected. The AUD is slightly weaker, with markets interpreting the RBA’s downward revisions to inflation and growth as a dovish signal."

"However, Governor Michele Bullock kept forward guidance open-ended and data-dependent. Given already aggressive easing expectations, we remain constructive on AUD over the coming months."

Spain 9-Month Letras Auction climbed from previous 1.905% to 1.959%

Spain 9-Month Letras Auction climbed from previous 1.905% to 1.959%
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EUR/JPY price forecast: Eyes bullish breakout above 172.50 barrier

EUR/JPY extends its winning streak for the third successive session, trading around 172.40 during the European hours on Tuesday. The technical analysis of the daily chart suggests a potential for a bullish bias as the currency cross is attempting to break above the rectangular pattern.
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