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The economic calendar is packed with tier-one data from across major economies and Latin America this week. Nonfarm Payrolls, the PMIs, Eurozone inflation and a Bank of Canada rate hike will be the highlights.
Australian dollar pairs have been boosted following an unexpected 25 basis points increase in the cash rate by the Reserve Bank of Australia.
Sanctions on Russian oil exports have been driving the oil price higher again. However, the prospect of OPEC increasing supplies has the potential to cap the rally.
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