22 Jul 2014
RBA's Stevens speech eyed - RBS
FXStreet (Bali) - RBS FX Strategists remind traders to be in a watchful position for RBA's Governor speech, due later today at 3GMT.
Key Quotes
"RBA Governor Stevens is due to speak at the Anika Foundation, a charity supporting research for adolescent depression."
"The Governor has spoken at a Luncheon for this foundation before (in 2010) and his comments then were not focused directly on monetary policy – as a result, today’s address may not address monetary policy."
"Nevertheless, the Governor has certainly stepped up his jawboning of the currency in recent speeches, and any comments on the currency will certainly be noteworthy. The major event in Australia this week should be the second quarter CPI."
Key Quotes
"RBA Governor Stevens is due to speak at the Anika Foundation, a charity supporting research for adolescent depression."
"The Governor has spoken at a Luncheon for this foundation before (in 2010) and his comments then were not focused directly on monetary policy – as a result, today’s address may not address monetary policy."
"Nevertheless, the Governor has certainly stepped up his jawboning of the currency in recent speeches, and any comments on the currency will certainly be noteworthy. The major event in Australia this week should be the second quarter CPI."