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RBA warns of persistently high inflation EUR / AUD exchange rate weakened on Tuesday

The euro / Australian dollar pair weakened on Tuesday after the RBA warned that further monetary policy tightening could not be ignored as inflation remained high and the cost of services fell not rapidly enough.。

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The euro / Australian dollar pair weakened on Tuesday after the RBA warned that further monetary policy tightening could not be ignored as inflation remained high and the cost of services did not fall fast enough.。

RBA leaves cash rate at 4 at February meeting.35%, which is roughly in line with market expectations

The decision comes after the RBA made a total of 425 basis points of rate hikes over the past two years in a bid to curb soaring inflation。

RBA again says interest rate path will depend on data and risk assessment developments。

RBA policymakers point out that they need to be confident that inflation will fall back to the 2 to 3 per cent target range in 2025 and back to the middle in 2026。

"Slightly more hawkish comments than expected, especially after recent weak inflation data."。Dewey Evans, head of macro strategy for the Asia-Pacific region at State Street Global Markets, said in an interview.。

"We will continue to monitor weak consumption, rising debt servicing costs and signs of a slowing job market, all pointing to a more accommodative stance ahead."。"

Next, in terms of macro data, euro traders will focus on the euro zone's December retail sales report, due out today at 10: 00 GMT.。

The euro / Australian dollar pair edged down 0 as of Tuesday (7: 37 GMT).28%, reported 1.6518。The pair has moved from an 18-day low of 1 on January 30..6349 Rebound。

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