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3 Jul 2014
RBA Stevens, Aus retail sales eyed - RBS
FXStreet (Bali) - RBA Governor Stevens speech along with Australian retail sales release, will be the main events to follow in Asia, notes the RBS FX Team.
Key Quotes
"A disappointing Australian trade figure overnight puts the spotlight on RBA Governor Stevens, who speaks during the Asia session today – the language on the AUD in the RBA statement was slightly altered, but did not obviously signal any additional angst on the level of the AUD."
"Any signals that the RBA is more concerned about the AUD strength may dampen the AUD in the near-term, though a still positive carry environment may mean dips in AUD are short-lived. Retail sales are released in Australia as well."
Key Quotes
"A disappointing Australian trade figure overnight puts the spotlight on RBA Governor Stevens, who speaks during the Asia session today – the language on the AUD in the RBA statement was slightly altered, but did not obviously signal any additional angst on the level of the AUD."
"Any signals that the RBA is more concerned about the AUD strength may dampen the AUD in the near-term, though a still positive carry environment may mean dips in AUD are short-lived. Retail sales are released in Australia as well."