Flash: 2 out of last 4 RBA Stevens' speeches AUD up 1% on day - NAB

FXstreet.com (Barcelona) - The main event to watch in Asia will be RBA Governor Stevens' speech at the Anika Foundation Luncheon in Sydney starting at 3.05 GMT.

According to NAB Strategists: "The topic is current economic policy issues, and the event is open to the media and will include a Q&A. We note that on two of the past four occasions at which Stevens’ has addressed this charitable foundation, the AUD has moved by more than 1% on the day – in 2010 and 2011 – and in both cased UP."

AUD/JPY stabilizes above the 90.00 level

The AUD/JPY has been unable to shake its negatively thus far, clinging to narrow losses ahead of a rather busy Asian session on tap.
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USD/CAD holding ground above 1.0250

The USD/CAD foreign exchange rate is last quoted at 1.0263 bids, off fresh session and weekly lows at 1.0252, ahead of key GDP data for Canada on Wednesday, slightly in the negative for the week so far.
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