AUD/JPY: Aussie Gains as Positive Data Support RBA Views

Upbeat economic data from Australia are foreseen to buttress views that the Reserve Bank of Australia will hold interest rates unchanged at the conclusion of its meeting today. The nation posted its narrowest trade deficit in 10 months in December while home prices inclined by the most in more than two years last quarter in encouraging signs for the Australian economy.

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EUR/GBP: ECB Lowers Euro Zone’s Growth and Inflation Forecasts; UK’s Trade Deficit Widens

Yesterday, the European Central Bank (ECB) left its Minimum Bid Rate unchanged at 0.75 percent, but the Euro dropped in the previous European trades as the central bank