Flash: China fears energizing AUD sales - RBS

FXstreet.com (Bali) - The AUD continues under severe pressure, so far unable to recover any ground despite upbeat Aus jobs. Below, Greg Gibbs, FX Strategist at RBS, is listing the latest fundamental reasons driving AUD lower.

Key Quotes

"Rapid lending growth in China, weaker Chinese equities and currency, and media coverage of the Chinese Economic Conference highlighting challenges such as pollution and plans to restructure the economy appear to be re-energizing downside momentum for the AUD."

"News in Australia of companies coping badly with a high exchange rate do not help sentiment; including a plan to end manufacturing of cars."