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Jul 08 - 07:55 PM

AUD/USD - Felled By Global Growth Concerns & Risk Unwind

By Krishna K  —  Jul 08 - 06:23 PM
  • AUD/USD opens 0.8% lower on fears of slowing in global economic recovery

  • Unwinding of reflation trades sparks flight to safety, weighs on Aussie

  • Undermined by dovish comments from RBA Governor Lowe nS9N2MR024

  • Extended lockdown in Sydney, virus spread in Asia weighs on sentiment

  • AUD/JPY selling accelerates Aussie drop, pair nears support at 80.95

  • AUD/USD support at 0.7417, loss opens 0.7379; resistance 0.7450, 0.7475-80

  • For more click on FXBUZ


AUD/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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