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LCG’s Head Analyst Brenda Kelly will keep a close eye on the AUDUSD next week as the RBA rate decision is on Tuesday. Brenda believes the cash rate could potentially undergo a cut of 25 basis points at this meeting in order to keep inflation closer to its target.
Eurozone retail sales will also be in focus, particularly in light of the more upbeat data from the Eurozone lately. Brenda says the March print may be boosted by Easter falling earlier this year and could be a pre-cursor for additional upside in the single currency.
In the UK, Brenda will watch UK Services PMI on Thursday. She thinks this may weaken slightly in light of political uncertainty and weakness in retail.