Published: 2024-02-05T04:38:15.000Z
AUD/USD flows: Dragged by regional sentiment

FX Analyst
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Both Australian December export and Import improves
China Caixin Services PMI for January 52.7 (prior 52.9)
US Central Command said forces conducted strikes on four Houthi cruise missiles
Over the weekend, US Central Command reported that forces had conducted strikes on four Houthi cruise missiles. Even it does not look like a direct struck to Iran, very likely such tit-for-tat retaliation will further escalate. The December Australian export and import both improves, with import turning to positive territory. At the same time, Chinese Caixin PMI is showing a slower pace of growth than December, 13th month in a row.
Regional risk seems to be taking a harder beating than global equities and see AUD/USD dipped to 0.6486 before retracing some gains to trade 0.08% lower for the session at 0.6507.