Published: 2024-04-23T04:53:33.000Z
AUD/USD flows: Sanctions concern drags sentiment
FX Analyst
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US drafting sanctions threaten to cut some Chinese banks off from global financial system
Australia April preliminary PMI Manufacturing 49.9 (prior 47.3) and Services 54.2 (prior 54.4)
The Wall street Journal reported that US drafting sanctions threaten to cut some Chinese banks off from global financial system, citing their support for Russia from commercial goods that also have military uses. It is not the first time and will not be the last time such sanctions would be used to gain diplomatic leverage. Chinese equities are affected and under performed than their Japanese and Hong Kong peers.
AUD/USD is trading 0.14% higher at 0.6458.