Published: 2024-06-07T04:38:17.000Z
AUD/USD flows: Another round of proxy support
FX Analyst
3
Chinese export beats but import misses
China small and medium-sized banks have lowered their deposit rates
The red regional sentiment diverged from the green U.S. major equities as the mixed trade report show a welcoming beat in export but import missed and continue to point to soft domestic demand. News also crossed the wire that small and medium-sized banks in China have lowered their deposit rates.
AUD/USD benefited from proxy support and weaker USD to trade 0.16% higher at 0.6677.