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Mar 22 - 01:55 AM

AUD/USD - Extends Fall As Yuan Drops And Asia Turns Risk-Averse

By Krishna K  —  Mar 21 - 11:35 PM
  • AUD/USD falls 0.6% in Asia as CNY hurtles below psychological 7.2000 support

  • Offshore yuan -0.5%, at weakest level since Nov 17;JPY hits 151.86 4-mth low

  • Asia stocks fall on risk aversion; Shanghai Composite -1.4%, Hang Seng -2.7%

  • Fed seen as less dovish than peers as U.S. economy outperforms; boosts USD

  • Powell, other Fed officials participate in "Fed Listens" event Friday

  • Resistance 0.6575, 0.6600, support 0.6530-35,0.6510; Fri range 0.6577-0.6531

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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