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Published: 2024-04-19T03:59:02.000Z

AUD/USD flows: Equities in a see of Red, so as the Aussie

byCephas Kin Long Yung

FX Analyst
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Equities in a sea of red globally on geopolitical fear

Equities in a sea of red globally on geopolitical fear. While off their low, Nikkei is still down 2.5% and HSI 1.4%. Chinese and U.S. equity indexes are also down by less than a percent. Despite Iran may have downplayed the attack, market participants will unlikely to feel comfortable holding positions over the weekend for fear of a downward spiral.

Haven asset are faring better while commodities perform individually. AUD/USD is down by 0.5% at 0.6388 after testing session low at 0.6363.

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Topics
Foreign Exchange
Flows
AUD/USD-Commentary

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