AUD/USD orderboard (and, again, take extra care over scheduled news/data/speeches … oh, and over unscheduled news too, but thats a bit more tricky since its, well, you know, unscheduled
)
Given the AUD has weakened after the trade data, it wouldn’t surprise me if Stevens took the opportunity to give it another kick while it was down. As a central banker concerned about how high the currency is, it would seem the responsible thing to do … not doing so would seem irresponsible even.
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ps. At the same time as Stevens’ speech we get China Non-Manufacturing Purchasing Managers Index (PMI) for June (and then more from China at 0145GMT)
