Forex News AUD/USD appears increasingly vulnerable after falling through 30-day moving average 0.9597, now 0.9588. Sue Trinh, FX strategist at RBC Capital Markets, says firmer USD, selling linked to a softer NZD, and signs of weakening commodity markets slowly eroding support for AUD/USD. Domestic debt markets also moving closer to pricing in one full rate cut over next year; there's currently a 40% probability of a cut in next year built into debt prices. If global growth slowdown builds, AUD/USD support will dissipate even further.
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