Sell EURTRY and buy AUDUSD

Review: Australia: After its interest rate meeting, Royal Bank of Australia (RBA) announced overnight that it kept is interest rate unchanged at 2.75%. The RBA will in particular keep an eye on inflation to see whether it falls a bit more – and in that case the central bank will lower its interest rate again. The RBA is satisfied about the policy pursued, but emphasises that it still finds the exchange rate too high, particularly when considering that commodity prices have fallen extensively.

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Sell EURTRY and buy AUDUSD