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Published: 2024-04-16T05:15:33.000Z

AUD/USD flows: Dragged by sentiment

byCephas Kin Long Yung

FX Analyst
-

Risk sentiment broadly weak

Risk sentiment is broadly weak with major Chinese, Hong Kong and Japan equity indexes all deep in red and U.S. 3 major equity indexes could not catch a break from the overnight fall. Geopolitical tension remains the spotlight in the market as participants awaits Israel's potential response towards Iran's strike. While the market is somewhat calmer with the U.S. and Iran signaled no intention to a full blown war, the ball will be in Israel's court as Iran public stated they will return fire if Israel retaliates and thus escalating the tension in the area. 

AUD/USD is trading 0.28% lower at 0.6424.

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Topics
Foreign Exchange
Flows
AUD/USD-Commentary

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