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AUD steady, waiting on RBA’s Stevens, speaking today
Growth concerns ruled out any renewed dollar strength today, while at the same time, event risk from the EU/Greece ensured that the Euro was able to make any gains and thus the currently markets are reasonable steady, despite some choppy price action. The big mover was oil, with WTI up around 3%, despite the concerns over the outlook for economic growth. Today could be another sideways session in the absence of any data from the EU/US although Cable may see some action on the release of the UK Industrial/Manufacturing Production and NIESR GDP Estimate. Ahead of that, the Aud will focus on a speech from Glen Stevens ... (full story)
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