AUD/USD flows: Sour Risk sentiment

The global risk sentiment turns sour on Wednesday as trade concern resurface along Chinese tough statement against U.S. tariffs. It is quite predictable for the Chinese government has long known for their "face" and will not be seen softening their fighting stance. Whether it is their true intention or not, market participants are taking cues from the less possibility of an imminent easing of U.S.-China relationship and turn sour on risk asset.

AUD/USD is trading 0.04% lower at 0.6342.