Currently 0.6836 on the back foot again as risk-off returns
Offers: 0.6880 0.6900 0.6930 0.6950 0.6980 0.7000 0.7025-30 0.7050-55
Bids: 0.6825-30 0.6800 0.6785 0.6750 0.6730 0.6700
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AUDUSD orders 20 Jan
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- AUD: Australian pension funds rush to shield portfolios from Iran war currency shock
- Fed rate cuts pushed to late 2026 as Middle East war fuels inflation surge
- PBOC sets USD/ CNY reference rate for today at 6.8650 (vs. estimate at 6.8294)
- Fake news (social media) on an attack on Tehran sent oil up, stocks down. Unwound now.
- Japan PMI shows manufacturing surge as services slowdown caps growth
- PBOC is expected to set the USD/CNY reference rate at 6.8294 – Reuters estimate
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