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Nov 21 - 05:55 AM

AUD/USD - Weighed Down By China COVID Flare-Ups

By Rob Howard  —  Nov 21 - 03:55 AM
  • AUD/USD falls to 0.6628 as China COVID flare-ups weigh on risk-sensitive AUD

  • 0.6628 is lowest level since Nov 11 (0.6635 was last week's low)

  • China stocks end lower as COVID outbreaks casts doubts on reopening

  • See: nL1N32H0FF. 0.6662 (Friday's low) is now an AUD/USD resistance level

  • Lowe to speak about "Price Stability, Supply Side and Prosperity" on Tuesday

  • RBA Governor will speak at annual CEDA dinner in Melbourne (at 7.30pm AEDT)

Source:
Refinitiv IFR Research/Market Commentary

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