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Sep 06 - 06:55 AM

AUD/USD - Falls To Seven-Week Low After RBA's 50 Bps Hike

By Rob Howard  —  Sep 06 - 05:05 AM
  • AUD/USD hits 0.6761 after extending south from 0.6832 (Asian session high)

  • 0.6761 is lowest level since July 15 (0.6720 was the low that day)

  • Asian session high was notched before RBA's 50 bps rate hike nL1N30D087

  • Yuan weakness is helping weigh on AUD: Shanghai financial forum postponed

  • See: nL8N30D1FT. AUD is often used as a liquid proxy for the CNY

  • Rio Tinto CEO meets top execs at new Chinese ore-buying company nL4N30D0ZC

Source:
Refinitiv IFR Research/Market Commentary

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