AUDUSDAustralian Dollar / US Dollar
0.7153
-1.40%
SUPPORT:0.7120.7054
RESISTANCE:0.71860.7253
Past
What happened
Aussie shed 100 pips to 0.7153 as risk-off swept commodities — silver collapsed 8.5% intraday, gold dropped 2.5% — and the dollar regained safe-haven flow on the PPI shock.
Why
Why it matters
AUD is leveraged to the China-commodity story; the Trump-Xi summit ended on positive trade talk but commodities ignored the headline and traded the inflation/yield re-pricing instead.
Watch
What to watch
0.7100 psych level is the next test. China industrial production / retail sales early next week, plus any concrete tariff readout from the summit, decide whether 0.7000 opens up.
HEADLINES
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Dollar softens as Middle East ceasefire holdsReuters
- Why is the Australian Dollar Rallying?Barchart
- The Next Trade You Should Make Comes from the Land Down UnderBarchart
- Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delayReuters