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AUD/USD Sinks as China Suspends Economic Talks with Australia

• wisepowder jack

  

  Leader
   

  May 10, 2021

  The Australian Dollar fell as much as 0.6% against the US Dollar after
  reports crossed the wires that China‘s economic planning agency (NDRC)
  is going to halt activities under the China-Australia Strategic Economic
  Dialogue ’indefinitely, according to Bloomberg. Tensions between the
  two nations have been brewing. In late April, Foreign Minister Marise
  Payne nixed two Belt and Road Initiative related deals with China.To get
  more news about WikiFX, you can visit wikifx.com official website.
  
  
  
  　　The reason why this matters for the Aussie Dollar is that China is
  Australias largest trading partner. That means that disruptions between
  the two nations could be economically consequential. If this translates
  into a more uncertain outlook for the nation, that could make things
  more difficult for the Reserve Bank of Australia (RBA) as it tries to
  navigate the country past the coronavirus pandemic.
  
  
  
  　　But that‘s not the only fundamental development that can drive
  AUD/USD. The sentiment-linked currency can be quite sensitive to news
  flow that shapes the landscape for global growth. As such, it tends to
  move closely with benchmark stock indices, especially those based in the
  United States. That is why it saw some weakness on recent jitters
  stemming from Treasury Secretary Janet Yellen’s comment on monetary
  policy.
  
  
  
  　　S&P 500 futures are pointing lower following the announcement from
  the NDRC, contributing to weakness in the Aussie Dollar. If sentiment
  continues to sour into the remaining 24 hours, then AUD/USD could be
  vulnerable, especially if there are retorts from Australian government
  officials. Then on Friday, keep a close eye on the US non-farm payrolls
  report. A better-than-expected report could push up bond yields, opening
  the door to AUD/USD weakness. But, still-dovish Fed commentary has been
  keeping bond markets cool.
  
  　　AUD/USD may be at risk in the near term looking at the 4-hour chart
  below. The 20-period Simple Moving Average (SMA) crossed under the 50
  equivalent. This formed a bearish ‘Death Cross’, hinting at the
  possibility of weakness. Still, prices have the 0.7702 – 0.7687 support
  zone to contend with. Clearing this area could open the door to
  revisiting early April lows. Getting there entails taking out the 23.6%
  Fibonacci retracement at 0.7641.
  

  [size= 10pt]The Australian Dollar fell as much as 0.6% against the US Dollar after reports crossed the wires that China‘s economic planning agency (NDRC) is going to halt activities under the China-Australia Strategic Economic Dialogue ’indefinitely, according to Bloomberg. Tensions between the two nations have been brewing. In late April, Foreign Minister Marise Payne nixed two Belt and Road Initiative related deals with China.To get more news about [b][url=https://www.wikifx.com/za_en/]WikiFX[/url][/b], you can visit wikifx.com official website. 　　The reason why this matters for the Aussie Dollar is that China is Australias largest trading partner. That means that disruptions between the two nations could be economically consequential. If this translates into a more uncertain outlook for the nation, that could make things more difficult for the Reserve Bank of Australia (RBA) as it tries to navigate the country past the coronavirus pandemic. 　　But that‘s not the only fundamental development that can drive AUD/USD. The sentiment-linked currency can be quite sensitive to news flow that shapes the landscape for global growth. As such, it tends to move closely with benchmark stock indices, especially those based in the United States. That is why it saw some weakness on recent jitters stemming from Treasury Secretary Janet Yellen’s comment on monetary policy. 　　S&P 500 futures are pointing lower following the announcement from the NDRC, contributing to weakness in the Aussie Dollar. If sentiment continues to sour into the remaining 24 hours, then AUD/USD could be vulnerable, especially if there are retorts from Australian government officials. Then on Friday, keep a close eye on the US non-farm payrolls report. A better-than-expected report could push up bond yields, opening the door to AUD/USD weakness. But, still-dovish Fed commentary has been keeping bond markets cool. 　　AUD/USD may be at risk in the near term looking at the 4-hour chart below. The 20-period Simple Moving Average (SMA) crossed under the 50 equivalent. This formed a bearish ‘Death Cross’, hinting at the possibility of weakness. Still, prices have the 0.7702 – 0.7687 support zone to contend with. Clearing this area could open the door to revisiting early April lows. Getting there entails taking out the 23.6% Fibonacci retracement at 0.7641. [/size]
• Ben Stoke

  
   

  July 20, 2021

  The sentiment-linked currency can be quite sensitive to news flow that shapes the landscape for global growth. As such, it tends to move closely with benchmark stock indices, especially those based in the United States.
  
  https://www.examsleader.com/CS0-002-exam.html

  The sentiment-linked currency can be quite sensitive to news flow that shapes the landscape for global growth. As such, it tends to move closely with benchmark stock indices, especially those based in the United States. [url=https://www.examsleader.com/CS0-002-exam.html]https://www.examsleader.com/CS0-002-exam.html[/url]