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Foreign exchange strategists at MUFG had recommended buying the Euro to Dollar (EUR/USD) with a target of 1.1050. It had based its long position on the move in yield spreads in favour of the Euro. The bank has, however, now changed its position following the stronger-than-expected US labour-market report and dropped the trade. Although the latest US jobs ...
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Australia’s central bank will likely hold its key interest rate at a 12-year high on Tuesday as it tries to restrain consumer prices that have been underpinned by an ultra-tight employment market. The Reserve Bank will keep the cash rate at 4.35% for a fifth straight meeting, economists surveyed by Bloomberg predicted. The decision will be released at 2:30 ...
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