Dealers report some cross action in AUD

Volumes are relatively small but dealers report some moderate selling of the AUD against both the EUR and the GBP over the last hour.

I’m really not sure why, but it does seem that big players and small are getting a little nervous about the level of the AUD. I can’t see why it would be China related after the relatively positive World Bank report yesterday and I can’t see anything in the domestic situation which would unsettle AUD bulls.