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SNB's Schlegel: Inflation is expected to rise slightly in the coming quarters

Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday, “inflation is expected to rise slightly in the coming quarters.”

Additional quotes

Uncertainty remains high, the SNB is monitoring the situation.

Indicators suggest a stable situation and moderate growth.

US pharma tariffs have raised downside risks a bit.

AUD: Hawkish RBA hold to help AUD – ING

The Reserve Bank of Australia held rates unchanged and struck a moderately hawkish tone in the statement and press conference.
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NZD/USD: Outlook for NZD remains negative – UOB Group

New Zealand Dollar (NZD) is likely to consolidate between 0.5765 and 0.5790. In the longer run, the outlook for NZD remains negative; the next level to watch is 0.5730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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