By John Noonan — Jun 13 - 07:15 PM
AUD/USD opens -1.68% after risk assets plunged and USD soared in torrid US session nL1N2Y02EInL1N2Y01Q7
WSJ article saying Fed to consider 75 BP hike Wednesday rattled markets
US yields soared and recession fears intensified on prospect of jumbo hike nL1N2Y01UQ
Metal prices sank on demand fears with NY copper falling nearly 2.0%
All factors influencing AUD sentiment are decidedly negative
AUD/USD trageting 2022 low at 0.6829 and rallies seen as selling opportunities
Sellers are tipped ahead of psychological support at 0.7000
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Source:
Refinitiv IFR Research/Market Commentary