Published: 2024-08-27T04:00:09.000Z
AUD/USD flows: Geopolitical tension lingers
FX Analyst
1
Third round of explosions heard in the Ukraine capital of Kyiv
Taiwan reports 15 Chinese military aircraft detected over last 24 hours
Geopolitical headline surface again on Tuesday's Asia session. Russia is responding to Ukraine's advance by more drone attacks on Kyiv. So far, Russia seems to be focusing on taking more Ukrainian grounds rather then withdrew more front line forces to defend. In the same morning, Taiwan has reported 15 Chinese military aircraft detected over last 24 hours around Taiwan. While no one is expecting a Taiwan invasion but such headline will do risk asset no good in a short run.
AUD/USD followed the recovering risk mood and is trading 0.19% higher at 0.6784.