Flash: Rebound in AUD to be short-lived - RBS

FXstreet.com (Bali) - In view of Greg Gibbs, FX Trading Strategist at RBS, commodity currencies should remain vulnerable even if China's troubled trust product gets a bailout.

Key Quotes

"We doubt the bailout of an investment trust in China provides much relief to heightened financial risks. This continues to make commodity currencies vulnerable."

"CAD has been weak despite the risk rebound, closing at a new low vs. the USD. Similarly, we suspect the recent rebound in the AUD may be short-lived.