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Feb 28 - 02:36 AM

AUD/USD - Can't Catch A Bid While Asia Stocks Get Mauled

By Ewen Chew  —  Feb 28 - 01:05 AM
  • AUD/USD broke its 11-year low to reach a new trough 0.65165

  • Breach of 0.6500 psych barrier likely; momentum selling to follow

  • March 2009 lows of around 0.6300 could be next chart base

  • Coronavirus reaches New Zealand, fuelling panic nL3N2AS1NA

  • Asia stocks tank as fear gauge runs high; Nikkei -4.3%, Kospi -3.5%

  • Poll shows RBA to hold rates in March, but cut by June nL3N2AS0XO

  • Moody's hints at global recession in H1 due to pandemic nL3N2AR0AY












Source:
Refinitiv IFR Research/Market Commentary

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