As the North American session begins, the USD is the strongest and the JPY is the weakest. Having said that the pairs are fairly scrunched together with the USD, CAD and EUR fighting for the strongest. The JPY is the most weakest followed by the AUD which is lower after their interest rate decision as the decision was thought to be somewhat less hawkish then expectations. The Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% for May 2024, a move that was expected. In the statement, the RBA said that despite inflation showing signs of moderation, it is decreasing at a slower pace than expected. The RBA highlighted several uncertainties affecting the economic outlook, includin
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