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Jun 24 - 06:55 AM

AUD/USD - Drops To Threaten 0.69 As European Equities Fall

By Rob Howard  —  Jun 24 - 04:55 AM
  • AUD/USD down to 0.6903 as European equity losses weigh on risk-sensitive AUD

  • Dax is currently down 1.8%, after opening 0.5% lower nL4N2E11NN

  • 0.6903 approximates to 61.8% Fibo of Tuesday's rise from 0.6858 to 0.6974

  • 0.6974 = one-week peak. 0.6961 was Asian session high nL4N2E10ZF

  • Shipments from China held for extra customs checks at Chennai, say sources

  • See: nL4N2E03RK. AUD fell on recent India/China border clash nL4N2DT20X

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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