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0.25% (SELL AUD 1.75% / BUY AUD 2.25

If RBA decides to cut interest rate by 25 basis points, we sell AUD… If RBA decides to keep hike rates back to 2.25%, we’ll buy AUD as market is expecting an unchanged verdict today. Ultimately we are a bit bearish on the AUD as RBA has opened the door for rate cuts and considering recent drop in crude prices, RBA definitely have room for rate cuts…
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USDCAD trade plane

Let´s look to SELL CAD if we get a -0.3% or worse release, or we’ll BUY CAD on a 0.3% or better release. With recent weakness in seen in CAD, a strong fundamental such as the CA GDP figure may be the catalyst we need to see more volatility in CAD.
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Fed could offer new hints on rate hike timing

Federal Reserve officials are likely to emerge from their policy meeting Wednesday with short-term interest rates still pinned near zero, though they could send fresh hints that they’re getting closer to raising rates. Fed Chairwoman Janet Yellen emphasized in congressional testimony earlier this month she expects the central bank to start lifting its benchmark federal-funds rate at some point before year-end.
Her comments and other recent public statements by Fed officials have made clear that
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