Aussie fell on Monday as the safe-haven dollar rose amid unrest in China. The stringent COVID-19 restrictions have fueled demonstrations in China. The PBOC will lower the reserve requirement ratio to boost growth. Today’s AUD/USD outlook is bearish. The risk-sensitive pair fell on Monday as investors scrambled for safety in the dollar amid unrest in … Continued
The post AUD/USD Outlook: Bearish amid Ongoing Demonstrations in China appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- Gold Price Gains Bids Post-Fed, Focus on BoE and ECB - February 2, 2023
- GBP/USD Outlook: BoE to Hike Rates for Tenth Consecutive Time - February 2, 2023
- EUR/USD Forecast: ECB Expected to Deliver a 50bps Rate Hike - February 2, 2023