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Sep 23 - 08:55 AM

AUD/USD - Deflated By WSJ Report On Evergrande

By Rob Howard  —  Sep 23 - 06:38 AM
  • AUD/USD retreats to 0.7262 as report on Evergrande hurts risk-sensitive AUD

  • China asking local govts to prepare for potential downfall of Evergrande-WSJ

  • See: nFWN2QP0GW. AUD is often used as a proxy for China risk

  • 0.7290 was European am high, as rise in risk appetite lifted the AUD

  • See: nL1N2QP0HT. 0.7290 = six pips shy of Wednesday's high

  • Net AUD short held by IMM specs recently hit all-time high nL1N2QN0HI

AUDUSD Click here

Refinitiv IFR Research/Market Commentary


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