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Jun 12 - 07:55 AM

AUD/USD - Stays Tuned To The Risk Sentiment Vibe

By Rob Howard  —  Jun 12 - 05:40 AM
  • AUD/USD hits 0.6912 after pushing its recovery envelope from 0.6800

  • 0.6800 was Asia low, low since June 2, after Thursday's Wall Street plunge

  • See: nL1N2DO264. AUD is a proxy for risk assets nL1N2DO2EB

  • Ascent to 0.6912 fuelled by partial recovery in risk appetite

  • S&P e-mini is currently up 1.8% nL4N2DP26C (S&P 500 fell 5.89% Thursday)

  • 0.7069 was Wednesday's 11-month high -- before Thursday's Wall Street plunge

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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