The Aussie had a quiet early few hours of the session after it opened at $0.9166 in Sydney. Aussie-dollar got a brief lift to $0.9167 soon after Japanese stocks opened higher and following comments from the Fed’s Plosser, which drove the US dollar broadly lower. Aussie’s gains were not sustained however as it then dropped back to the $0.9154 low, pinned back by rumored strong sell orders from around $0.9200 and as the dollar rose against the Chinese yuan in both onshore and offshore markets. Aussie-dollar largely ignored the release of the RBA’s financial stability review, but players kepttheir eyes on RBA Governor Stevens’ speech which took place in the late morning in Hong Kong. They were not disappointed, with aussie-dollar then jumping through the initial low to $0.9184 after Stevens prepared remarks were published, but failed to set off stops at $0.9190. The pair remained well-bid as Stevens then followed up with further comments during the Q&A session, leaving aussie-dollar to last trade at $0.9180.
