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Market News Topics
June 11, 2020 22:23 GMT
AUD/USD tumbled Thursday as broad-based......>
AUSSIE
AUSSIE: AUD/USD tumbled Thursday as broad-based risk aversion gained steam, amid
concerns over the second wave of coronavirus cases indicated by the latest data
from some U.S. states, as well as wider worry about the impact of the virus.
- China's MOFCOM Spokesman Gao Feng said that Beijing will evaluate Australia's
plan on foreign investment law revision and hopes that Australia will safeguard
the interests of foreign investors.
- AUD/USD weakness has carried over into the Asia session and the rate last sits
-27 pips at $0.6828. Bears look for a drop through the 20-EMA/Jun 2 low at
$0.6778/75, towards the 200-DMA at $0.6665. Bulls need to retake Jun 10 high of
$0.7063 to regain control.
- Australian economic docket is virtually empty today.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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