RBA's Debelle up next, topic centered around AUD

FXStreet (Bali) - Guy Debelle, Assistant Governor (Financial Markets), Reserve Bank of Australia, is speaking at an event for the Financial Services Institute of Australia (FINSIA) in Adelaide at 3.15GMT.

Finsia notes: "Debelle will focus on the Australian Dollar and the impact of capital flows on the currency post the mining construction boom. Guy will discuss the beneficiaries of the mining production boom, what capital flows this will generate and other large capital flows that may affect the Australian Dollar."

May 20, 2014

AUD/USD: Break below 0.93 exposes 0.9250/60

AUD/USD is having difficulties to bounce off lows, with sellers pressuring the rate for a break of 0.93, a development which if eventuates, would be technically damaging for the interest of Aussie longs.

China Commerce Ministry: Arduous task to achieve 7.5% growth target

China Commerce Ministry official, crossing Reuters wires, saying that the country faces arduous task to achieve 7.5% growth target this year. While the comment is a negative input for the AUD, this is being ignored ahead of RBA's Debelle speech.