Published: 2024-01-22T03:45:02.000Z
AUD/USD flows: Geopolitical risk outrun by positive sentiment
FX Analyst
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US & UK talks on intensifying targeting Houthis in Yemen
Regional sentiment does not follow optimism in U.S. major equities
Over the weekend, Bloomberg reported that the US & UK are talking on intensifying targeting Houthis in Yemen after the latest incidents in the Red Sea. We also heard from Russia that they are blaming Ukraine for sabotaging certain energy facility in the Baltic area. However, such geopolitical tension does not seem to reverberate to the U.S. equities as they continue the strength from Friday after breaking all time high. Regional sentiment, on the other hand, are in the red.
The AUD/USD reversed earlier gains to trade 0.06% lower at 0.6594.