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Jun 13 - 07:55 PM

AUD/USD - Opens Sharply Lower As Positive Factors Hard To Come By

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

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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