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Oct 06 - 05:55 AM

AUD/USD - Falls To Intra-Week Low As European Stocks Skid

By Rob Howard  —  Oct 06 - 03:52 AM
  • AUD/USD hits 0.7234 after tripping stops below 0.7250 (Monday/Tuesday low)

  • 0.7234 is the lowest level since Friday (0.7193 was the low that day)

  • Risk aversion was catalyst for break below 0.7250: European stocks skid

  • See: nL4N2R2176nL8N2R21JW. Nikkei closed down 1.05% nL4N2R20YO

  • 0.7291 was Asian session high, before risk aversion kicked in nL1N2R203C

  • AUD is risk-sensitive. APRA tightens home loan requirements nL1N2R12PX

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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