Lower iron ore prices and a fall in European equities sees the Aussie dollar down this morning but only very marginally and with very little data out again today we’re likely to see the Aussie continue to tread water.
Reserve Bank of Australia Governor Glenn Stevens speaks just after 1.00pm today which could result in some AUD volatility but only if he discusses the recent cash rate cut or the potential for future cuts. Ofcourse this will be closely watched by economists and traders but again hard to see the Aussie budging from current levels.
DATA RELEASES TODAY:
AUD – RBA Gov Stevens Speaks at 1.05pm
EUR – Zew Economic Sentiment at 7.00pm
GBP – Inflation Hearings at 7.00pm
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Patrick Downes
Senior Corporate FX Dealer
Compass Markets
Contact Patrick for a quote on 0431 278 632 or 03 9099 8459
