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Apr 25 - 02:55 AM

AUD/USD - Dumped More Than 1.0%; Beijing On Verge Of Lockdown

By Ewen Chew  —  Apr 25 - 01:15 AM
  • AUD/USD dumped Mon, falling as much as 1.1% to 0.7165

  • Steep fall follows US stocks dump Fri, China weakness Mon

  • SSEC slammed 2.4% lower as Beijing curbs movement nL3N2WN02V

  • Further hit to Chinese economic activity looms; oil slides

  • AUD/USD may fall to psych barrier 0.7000, Jan low 0.6968

  • Haven USD well-bid as US yields slip amid flight to safety

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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