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UBS note overnight: "It's time to sell the...>

AUSSIE: UBS note overnight: "It's time to sell the AUD".
- UBS see AUD/USD at 0.66 by end-2019 and 0.70 by end-2020.
"While the AUD is not standing at the precipice of an extended decline, we think
that risk/reward has shifted. Both rates and commodities, the traditional
drivers of the AUD, are either signalling that it should be a lot lower - in the
case of rates - or that its trajectory is at risk of turning as high iron ore
prices may not sustainable and metals signal weakness."

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