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Key events ahead - Westpac

FXStreet (Guatemala) - Analysts at Westpac offered details of the key forthcoming events for today.

Key Quotes:

"The Bank of England ends its policy meeting and we also have the quarterly press conference on the Inflation Report. While the first hike still looks some way away as inflation remains low, in Jan the MPC voted 8-1 to keep rates steady at 0.5%, with McCafferty dissenting in favour of a hike. The Inflation Report will provide an update on the BoE’s CPI and GDP projections.

US Dec factory orders are expected at -2.8% though should see only a small revision to durable goods orders. We hear from FOMC voting members Rosengren in the Asian afternoon on regulation and Mester around NY close on the economy and monetary policy. Kaplan also speaks on the global economy."

AUD/USD bulls taking charge, but...

AUD/USD has been slightly offered in early Asia, but has since stabilized from a low of 0.7153. The NAB business confidence survey was generally positive, offering some support to the Aussie and the price reached a fresh high of 0.7191 so far. But what about the general outlook for Australia?
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Commodities wrapped up; extreme movements - ANZ

Analysts at ANZ explained that Crude oil prices were sharply higher.
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