AUD/USD flows: Market Sours

Broader market sentiment sours as the Xi-Trump meet ended without significant fruit. There are scattered deals on Boeing and other purchase but those aren't the major sticking point. Even when we hear from China foreign ministry saying "we" should reopen Hormuz asap, there is a lack of concrete action plan to persuade the market. Moreover, Fed speakers talked down the likelihood of rate hikes, given the current macroeconomic picture, extinguished the hope of speculators.

Most major equity indexes are in the red, so as precious metal. AUD/USD is trading 0.37% lower at 0.7193.