FXStreet (Edinburgh) - Senior Currency Strategist at Rabobank Jane Foley sees the Aussie dollar slipping towards the 0.64 level vs. the dollar in the medium term. Key Quotes “The AUD remains vulnerable to risks stemming from China. Australian exporters were offered some protection by the sharp fall in the value of AUD/CNY since 2011, but this trend ran out of steam in the middle of last year”. “Although on a national level, Australian employment has held up well in the face of the pressures on commodity markets, the weakness of wage inflation in Australia may in part be a function of high paid mining jobs being replaced by lower paid service sector openings”. “With the house market appearing to be better balanced, the RBA should be less concerned after stoking household debt levels. We see heightened risk of further RBA easing and remain bearish on AUD/USD, looking for a move towards 0.64 medium-term”. For more information, read our latest forex news.