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AUD: RBA to stay on hold - TDS

FXStreet (Delhi) – Research Team at TDS, expects no change in RBA rates when they will meet on Tuesday, but how will the board view global market volatility and the lower exchange rate?

Key Quotes

“The Board will preview their updated GDP and CPI staff projections (out Friday), but is unlikely to prompt any alteration to Dec’s “chill out” easing bias.”

Brent oil drops after four day winning streak

Brent oil prices fell in Asia and remain weak in early Europe after China PMI showed a very less likelihood of a demand driven recovery in the prices in the near-term.
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All eyes on US ISM manufacturing today – Danske Bank

Research Team at Danske Bank, suggests that the main event today is US ISM manufacturing.
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