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Australia RBA Interest Rate Decision in line with expectations (2%)

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EUR/USD fails near 100-DMA and retreats

The EUR/USD pair extends its consolidative mode into mid-Asia and hovers in a tight range near 1.09 handle amid persisting risk-aversion fuelled by overnight oil price decline.
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RBA keeps rate unchanged, scope for further easing if needed

As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that scope for further easing exists if needed, while adding that monetary policy needs to be accommodative as low rates keep supporting demand.
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