According to a research note via Bloomberg
The note says that they see a limited scope for RBA tightening expectations to pick up in the near-term and economic data doesn't support a case for that.
They also argue that political risk is a potential negative for the aussie as prime minister Malcolm Turnbull's promise of cutting taxes is likely to attract scrutiny from rating agencies.
Rather than the AUD, Credit Suisse notes that they continue to favour G-10 low yielders like CHF and JPY.
