Forex Flash: RBA gov Stevens not a market moving event – NAB

FXstreet.com (Barcelona) - RBA Governor Stevens is due to speak at the ASIC Forum in Sydney at 04:45 GMT. “A speech title is not currently available but we doubt it will be a market moving affair,” say NAB analysts, who add: “Nor too should the RBA’s half yearly Financial Stability Review, out at 11:30 Aest.”

“There was a summary of this in last week’s Minutes when the Board was briefed on it and where it was noted that business profitability had fallen and business failure rates were increasing,” they expand, “including from the high Australian dollar.”