Australia RBA Interest Rate Decision in line with expectations (2.5%)

FXStreet.com (Barcelona)

Jul 1, 2014

EUR/USD: Break of 1.37 sets stage for 1.3739 - OCBC

Emmanuel Ng, FX Strategist at OCBC Bank, notes any breach above the 55-day MA (1.3700) in EUR/USD sets the stage for the 100-day MA (1.3739) in the near term.

RBA reaffirms firm neutral stance, uncomfortable with high AUD

As expected, the RBA decided to leave its interest rate unchanged at 2.5%, while reaffirming its firm neutral stance.