USD weakened against most crosses overnight, as virus headlines worsen, while the AUD underperformed owing to its higher global beta. Analysts at ANZ Research maintain a defensive bias heading into the weekend. AUD/USD trades at 0.6641. Key quotes “Shifting risk dynamics around the outbreak of COVID19 have created downside pressure for the AUD, which is closely linked to activity in Asia via tourism and export of raw materials.” “The near-term prospects for the AUD are, therefore, likely to hinge on transmission rates and scale of activity slowdown.” “Spot: 0.66 ANZ Fair value: 0.67” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoK is seen easing further soon – UOB FX Street 3 years USD weakened against most crosses overnight, as virus headlines worsen, while the AUD underperformed owing to its higher global beta. Analysts at ANZ Research maintain a defensive bias heading into the weekend. AUD/USD trades at 0.6641. Key quotes “Shifting risk dynamics around the outbreak of COVID19 have created downside pressure for the AUD, which is closely linked to activity in Asia via tourism and export of raw materials.” “The near-term prospects for the AUD are, therefore, likely to hinge on transmission rates and scale of activity slowdown.” “Spot: 0.66 ANZ Fair value: 0.67” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
