RBA's Stevens: Jawboning has limited effect on AUD value

FXStreet (Bali) - RBA's Stevens says jawboning has limited effect on currency, basically implying that the tactics used so far may not have a long lasting effect on the level of the currency. AUD traders were keen on buying the currency on the headline.

Mar 7, 2014

AUD/NZD hits fresh weekly highs above 1.0730

The AUD/NZD was finally able to consolidate above 1.0700 and gained upside momentum.

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Mar 7, 2014

Flash: - The bottom line message - Rabobank

Analysts at Rabobank noted that the ECB kept policy unchanged today, in line with their expectations. They suggested that the bottom-line message was that the ECB ‘truly’ believes that inflation will gradually revert back to its policy target level of “below but close to 2%”".

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