Risks biased toward a further decline in AUD - RBS

FXStreet (Bali) - RBS notes that AUD faces the risks of further declines as macro-prudential measures by the RBA may be considered.

Key Quotes

"In Australia, the RBA releases its semi-annual Financial Stability Review. Of note will be any hints over whether the RBA is considering reintroducing macro-prudential measures to cool the housing market."

"Governor Stevens may also use a speech this Thursday to further the debate on macro-prudential measures."

"With a more coordinated downturn in commodities and increasing risk of macro-prudential measures in Australia, we see risks biased toward a further decline in AUD."