Last night Australia lowered its interest rate

Last night Australia lowered its interest rate. We recommend a sell order in AUDUSD Review… ECB’s Draghi: “We stand ready to act again” Yesterday this statement caused EURUSD to fall below 131.00. Throughout the day the cross rate had battled with that level. EUR: PMI service data from the European economies were generally a bit encouraging. PMI service for Europe is still very low. Admittedly the overall index was revised up to 47.0 from 46.6, but we are still getting weak growth signals

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Last night Australia lowered its interest rate

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