Australia Jan AiG Performance of Services Index 45.3

Feb 5, 2013

Forex Flash: No RBA cut today, but likely in the coming months - NAB

With RBA meeting today at 03:30 GMT and AUD/USD last at 1.0439, the NAB believes “it’s less likely the RBA will ease today,” though they also believe “the view the economy will underperform this year with the RBA needing to ease further in coming months,” the analysts conclude.

Forex: EUR/AUD eases below 1.30 on Euro weakness

EUR/AUD fell today more than -1% since previous weekly close Friday, last at 1.2952, off session and weekly lows at fresh 3-day lows 1.2932. The cross fell mostly on the back of Euro weakness, while Aussie held up more stable.