Moody’s downgrades Australia’s main banks to AA3

US ratings agency out with a note on Aussie banks 19 June
– ANZ,CBA,NAB and Westpac all downgraded from AA2
– cite elevated risks in household sector that heighten the sensitivity of the banks’ credit profiles to an adverse shock
Adding to the pressure on AUD in last hour but large AUDUSD expiries at 0.7590 being defended.