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Thomson Reuters
May 23 - 07:24 AM
AUD/USD - Close To 19-Week Low Amid China/U.S. Tension
First appeared on eFXplus on May 23 - 05:10 AM
  • AUD/USD has held sub-0.69 over the past 24 hours; 0.6867 = Asian session low
  • Asia low = pip shy of Tuesday's low and two pips shy of Friday's 19-week low
  • Increased China/U.S. tension is helping weigh on the risk-sensitive AUD
  • U.S. Navy again sales through Taiwan Strait, angering China
  • China says U.S. needs to correct wrong actions to continue trade talks
  • See: nB9N22700G. Expected RBA rate cuts are also weighing on the AUD

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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