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May 12 - 07:55 AM

AUD/USD - Slides To 23-Month Low Amid Risk Aversion

By Rob Howard  —  May 12 - 06:05 AM
  • AUD/USD falls to 0.6861 as global equity losses weigh on risk-sensitive AUD

  • See: nL2N2X40QCnL3N2X41RJ. 0.6861 is lowest level since June 2020

  • 0.7053 was Wednesday's high -- before risk aversion boosted safe-haven USD

  • Bitcoin's 2021 gains wiped out in stablecoin rout nL2N2X4098

  • Lower commodity prices are also weighing on AUD nL2N2X40K7nL3N2X41CG

  • 0.6900 (former support point) is now an AUD/USD resistance level

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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