Flash: AUD is vulnerable towards 0.8600 - Rabobank

FXStreet (Barcelona) - Jane Foley, Senior Currency Strategist at Rabobank said that even without another rate cut from the rong>RBA, the AUD is still vulnerable.

Key Quotes:

“The rong>AUD is still vulnerable both to signs that the economy is failing to adjust to the end of the mining investment boom and to concerns regarding the pace of growth in China (Australia’s latest export partner).

We maintain our view that AUD/USD could slip towards the 0.86 level on a 12 mth view. We have also reinstated our bearish AUD/NZD call.