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Jun 17 - 01:55 AM

AUD/USD - Drifts Lower But AUD/JPY Buying Supports

By Krishna K  —  Jun 16 - 11:35 PM
  • AUD/USD down 0.3% in Asia as c.banks rate decisions continue to roil markets

  • Risk aversion on fears of global economic downturn weighs; ASX 200 down 2.3%

  • AUD rallies capped as USD recovers after its worst 2-day drop since 2020

  • Falling prices of iron ore and copper undermine AUD; Dalian iron ore -4.7%

  • AUD/JPY buying limits downside; pair surges 1.5% as BOJ stands pat on rates

  • BOJ keeps ultra-low rates, dovish policy guidance nP8N2XT05P

  • Resistance 0.7665-70, 0.7100-10, support 0.7015-20, 0.6990-95

  • For more click on FXBUZ


Goldman Sachs Global Financial Conditions Index: Click here

Source:
Refinitiv IFR Research/Market Commentary

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