Forex Flash: AUD/USD vulnerable on EUR/AUD flows, Aus gvrt bonds liquidation - NAB

FXstreet.com (Barcelona) - AUDUSD is now very much being driven by moves in the EURAUD 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 AUDUSD rate."