AUD/USD is currently testing the 0.600 level on a resumption of USD strength stemming from risk aversion connected with bad economic news from the US and Europe, per Rabobank. Key quotes “AUD/USD had held above 0.60 for around a week into early April, having briefly touched a low of 0.5510 on March 19. While well off its lows, the AUD remains the second worst performing G10 currency over the past month.” “Even though Australia managed a small current account surplus last year, the AUD has historically been the G10 currency most sensitive to a souring in risk appetite.” “We anticipate that the USD will remain well bid through the duration of this crisis and see risk of further sharp moves lower in AUD/USD back towards the recent lows before the pandemic has peaked.” “We see risk of the AUD/USD dropping again on a 3 month view towards 0.55.” 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 NFP: Biggest decline since March 2009 – Nordea FX Street 2 years AUD/USD is currently testing the 0.600 level on a resumption of USD strength stemming from risk aversion connected with bad economic news from the US and Europe, per Rabobank. Key quotes “AUD/USD had held above 0.60 for around a week into early April, having briefly touched a low of 0.5510 on March 19. While well off its lows, the AUD remains the second worst performing G10 currency over the past month.” “Even though Australia managed a small current account surplus last year, the AUD has historically been the G10 currency most sensitive to a souring in risk appetite.” “We anticipate… Top 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.
