RBA Governor Stevens speaks today (due at 0110GMT)
Comments from Citi:
- Following dovish RBA minutes, investors are likely anticipating more dovish remarks
- So some short-term upside for AUD if Stevens fails to comment on potential further rate cuts
- Since this is unlikely to shift trend in light of broad USD gains, it would mark selling opportunity on AUD/USD
(ps. this is from a Citi note from the 19th .... given the overnight move in the AUD/USD I'm not sure how relevant it still is, TBH).
