By Rob Howard — May 12 - 05:35 AM
AUD/USD eased to 0.6684 at 0816 GMT, fractionally fresh one-week low
0.6686 was Asian session base. 0.6689 was Thursday's low (after 1%+ fall)
Yuan weakness is weighing on the AUD (often used as liquid proxy for CNY)
Dalian iron ore price drop to one-week low is another AUD-negative
Iron ore is Australia's biggest export earner. China stocks down again
Biden/McCarthy debt ceiling meeting postponed to next week nL1N3783AM
Source:
Refinitiv IFR Research/Market Commentary