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3 Apr 2014
Stevens pushed back, speaking 2.50GMT - RBS
FXStreet (Guatemala) - Strategists at RBS noted, in Australia,RBA Governor Stevens is scheduled to speak.
Key Quotes:
"but after the RBA issued its post-decision statement yesterday that included no changes to the outlook for the policy rate or the characterization of the FX rate, we expect little new information from the Governor".
“The trade figures are likely to be more important, particularly after the very strong January trade surplus provided support for the AUD”.
“The trade surplus is expected to decline in February, and China has already reported February trade figures and its trade deficit with Australia (or Australia's trade surplus with China) narrowed in February. Retail sales in Australia are due as well for February following a strong 1.2% m/m rise in January retail outlays”.
Key Quotes:
"but after the RBA issued its post-decision statement yesterday that included no changes to the outlook for the policy rate or the characterization of the FX rate, we expect little new information from the Governor".
“The trade figures are likely to be more important, particularly after the very strong January trade surplus provided support for the AUD”.
“The trade surplus is expected to decline in February, and China has already reported February trade figures and its trade deficit with Australia (or Australia's trade surplus with China) narrowed in February. Retail sales in Australia are due as well for February following a strong 1.2% m/m rise in January retail outlays”.