AUD/USD stays under modest bearish pressure and trades at around 0.6670 in the European morning. In February, Building Permits in Australia grew by 4% but Home Loans declined by 1.2%. TD Securities Inflation declined to 5.7% on a yearly basis in March from 6.3% in February. In the early Asian session on Tuesday, the Reserve Bank of Australia (RBA) will announce its interest rate decision.
Despite the downward correction witnessed ahead of the weekend, EUR/USD managed to close the week in positive territory for the fifth straight time. The pair continues to stretch lower toward 1.0800 on Monday.
After having touched its highest level in nearly three months above 1.2400 on Thursday, GBP/USD fell sharply on Friday. The risk-averse market atmosphere caused the pair to edge lower during the Asian session and it was last seen trading a few pips below 1.2300.
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