Widespread sellers of AUD seen
- Bids around 0.7400/10 have been filled
- Australian exporters the buyers
- The selling was from many directions but leveraged accounts reported large interest
Resting sell orders a little higher were converted to market orders in the wake of the headlines:
Its not just the new tariffs under considerations, its the sight of an escalating tit for tat response. This is going to keep the AUD offered.
AUD/USD has hit a 12 month low this morning
