Forex: Waiting for RBA decision

02 November 2009 @ 06:59 pm EDT

FXstreet.com (Buenos Aires) - After strong intraday swings majors enter Asian session holding in small ranges, awaiting for RBA decision; the Central bank is expected to rise rates for another 0.25 basis points, and some economist even expect a more aggressive hike of 0.50 bp after the uptick in medium term inflation pressures. The movement, along with an expect rise in local shares, likely trigger some risk appetite across the board, despite Japan markets will remain closed for holidays.

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