Rates At 0520 GMT Latest Change AUD/USD 1.023 -1.0% AUD/JPY 78.695 -0.9% 6.50% May, 2013 3.5188% -0.09 4.50% Mar, 2020 4.0948% -0.08 10-Yr Spread To U.S. +219 bps +3 bps SFE Dec 3-Year Futures 96.42 +0.10 SFE Dec 10-Year Futures 95.83 +0.09 SYDNEY (Dow Jones)--Continued worries about Europe's ongoing debt crisis after a meeting of the region's finance ministers seemed to offer no new solutions hurt the high yielding Australian dollar Monday. Analysts expect the volatility to continue in a busy week for risk events with the Federal Reserve's policy committee due to meet and the meeting of the International Monetary Fund and World Bank in Washington. "It is likely that we continue to skip from high stress levels to short-term solutions for the time being. This is likely to keep the euro and the Australian dollar under pressure and volatility levels high in FX - and indeed other markets," said Emma Lawson, FX strategist at National Australia Bank. At 0520 GMT, the Australian dollar was at US$1.023 down from US$1.0336 late Monday. Against the Japanese yen, it was up to Y78.695 from Y79.40. Locally too the diary is full. Minutes from the Reserve Bank of Australia's September policy meeting are due Tuesday and speeches are scheduled on Wednesday and Thursday from Deputy Governor Ric Battellino and Assistant Governor Philip Lowe. "These minutes will be closely scrutinized for any signposts for RBA easing. The reason we favor on hold for longer is that the RBA are more balanced in their view of the two-speed economy," said TD Securities Economist Annette Beacher. Mansoor Mohi-uddin, chief currency strategist at UBS, said the RBA's speeches should be closely watched given they come in the wake of a downward revision to second quarter inflation data. "This should increase the scope for the central bank to cut interest rates now if the economy weakens under the impact of slower global growth," Mohi-uddin said. -By Enda Curran, Dow Jones Newswires; 61-2-8272-4687; enda.curran@dowjones.com (Data provided by Reuters)

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