AUD/USD flows: Unfazed by regional sentiment

Regional sentiment in Hong Kong and China remains heavy with HSI sinking close to 2%. China announced Suzhou, most populous city in Jiangsu province to remove all home buying restriction as another attempt to prompt up the local market. Yet, domestic demand seems to remain limited by falling wage. The stimulus package and the government rhetoric on financial market not being the focus has dampened sentiment.

However, commodity prices are solid with lingering geopolitical tension and lend some support to the Aussie. AUD/USD is trading 0.08% higher.