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Mar 18 - 11:00 PM

AUD/USD - Sliding Lower As Risk Rally Running Out Of Steam

By John Noonan  —  Mar 18 - 09:10 PM
  • AUD/USD trading around 0.5715 as S&P futures gives back some early gains

  • S&P futures were up over 2.0% and low up around 0.35%

  • AUD/USD approaching Wednesday's 0.5700 low with little support below that

  • Market continues to show only modest relief from cenrtal bank action

  • Risk moved higher earlier when the ECB announced new bond buying programme

  • Market is thin and whippy and AUD/USD is down 1.8% from 0.5816 high earlier






Source:
Refinitiv IFR Research/Market Commentary

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