2230GMT key event: RBA Governor Lowe speaking ...

The Reserve Bank of Australia Governor Lowe is speaking today and appearing in front of parliament's House of Representatives' Standing Committee on Economics from 2230 GMT. He will deliver a prepared text and then will be taking questions.

This event may not offer anything new from the  Governor given we have only just heard from him recently and the text is likely to be mainly backwards-looking. The first SoMP for the year was just last week and he also made a speech after the Feb monetary policy statement. However, markets will be tuned in to the headlines coming and scrutinising them for any variance to what we have been told already - the probes and questions could be revealing though and worth keeping an ear to the ground, especially given how low the greenback is where it seems to be heading - 85 in the DXY on the cards? 

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About the Lowe and the RBA

Philip Lowe replaced Glenn Stevens as governor of Australia’s central bank. Lowe was the Deputy Governor of the Reserve Bank of Australia, a position he held since February 2012. If the RBA is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.