8 Jun 2015
AUD/USD: Governor Stevens’ speech might pose downside risks – Scotiabank
FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, shares the key risks for AUD/USD this week.
Key Quotes
“AUD is up, rising modestly from Friday’s post-payroll lows near 0.7600 with no material reaction to China’s trade data.”
“Domestic risk this week is elevated, given RBA Gov. Stevens’ speech on Tuesday (10:50pm EST) followed by Wednesday’s employment release. Stevens’ speech may provide an update to his views on the exchange rate, with downside risk mitigated somewhat as we consider his December 2014 comments suggesting a preference for AUD to be closer to 0.75.”
Key Quotes
“AUD is up, rising modestly from Friday’s post-payroll lows near 0.7600 with no material reaction to China’s trade data.”
“Domestic risk this week is elevated, given RBA Gov. Stevens’ speech on Tuesday (10:50pm EST) followed by Wednesday’s employment release. Stevens’ speech may provide an update to his views on the exchange rate, with downside risk mitigated somewhat as we consider his December 2014 comments suggesting a preference for AUD to be closer to 0.75.”