FXstreet.com (Barcelona) - AUD/USD is now very much being driven by moves in the EUR/AUD cross, says NAB strategists, with the pair having broken through an important barrier at 1.30 today.
NAB adds: "Amid evidence from our own internal flow data that foreign asset managers continue to liquidate holding of Australian government bonds, this is exposing renewed downside vulnerability to the AUD/USD rate."
NAB adds: "Amid evidence from our own internal flow data that foreign asset managers continue to liquidate holding of Australian government bonds, this is exposing renewed downside vulnerability to the AUD/USD rate."
