Rabobank has revised down its three-month forecast for the AUDUSD exchange rate from 0.64246 to 0.62, indicating that it appears weak and susceptible to further decline.

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AUDUSD Chart by TradingView

AUD/USD touched levels below 0.64 after the release of the softer-than-expected Australian July labour report. Economists at Rabobank analyze Aussie outlook.

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