Free Trial

A$ Underperforms, 50-day EMA At 0.6701 Close-By

AUD

AUD/USD is comfortably the weakest performer in G10 FX so far in the Friday session. We sit close to session lows, last in the 0.6715/20 region, which is around 0.60% lower for the session.

  • We have broken the 20-day EMA (0.6735), with the 50-day coming in close to 0.6700.
  • The risk averse mood in equities is a clear catalyst, although HK equities are slightly above session lows. US equity futures continue to edge down, last -0.35% for Eminis.
  • Higher USD/CNH levels, with this pair above 7.2200, will also be weighing. AUD/JPY is down but has found some support sub 96.00, last in the 96.05/10 region.
  • In the commodity space, we are seeing lower levels for oil, iron ore and copper, although losses aren't large at this stage.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.