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What to make of central banks this week — #SaxoStrats
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According to Saxo Bank's head of FX strategy John Hardy, the Reserve Bank of Australia statement overnight showed an upbeat assessment of the Australian economy. The main reason for optimism is the comeback in commodity prices, he says.
Hardy believes that the European Central Bank meeting on Thursday is the next potential event risk that could get this market moving.
Read more about John Hardy's view on central banks here.