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Trading Performance 2017-2018

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EUR/USD News & Analysis

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Latest Articles

Wages of Japanese workers fell in December at their fastest pace in five months, in a possible sign that consumers could cut back on spending and further complicate the central bank's quest to reach its 2% inflation target.

The RBA held rates at 1.5% struck an upbeat tune about the country’s economy today.

“The low level of interest rates is continuing to support the Australian economy,” Governor Philip Lowe said in the policy decision statement. “Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.” The bank narrowly upgraded its forecast for GDP growth to average “a bit above 3%” over the next couple of years. “The data over the summer have been consistent with this outlook,” Lowe added.

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