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Jun 12 - 11:55 PM

AUD/USD - Holds Above 0.7000 Barrier But Leans Bearish

By Ewen Chew  —  Jun 12 - 10:55 PM
  • AUD/USD recoups slightly to 0.7018 from 0.7001; bearish

  • Bollinger downtrend channel confirmed below 0.7042

  • Risk aversion escalates as Asia stocks dive; S&P -1.3%

  • Broadly negative sentiment brews amid inflation fears

  • China's struggle with eradicating COVID also weighs

  • UST 10y yield hits 3.201%, propelling USD rally

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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