JPY Daily News

AUD Trading Flat as Risk Sentiment Gets Weighed

The Australian dollar (AUD) was trading mostly weaker versus its currency counterparts yesterday despite data releases showing a return to heightened risk appetite. The Aussie has been losing momentum these past few weeks as risk aversion becomes predominant in the global market. Fears emanating from the current market environment have led many to seek safety.

This movement has gouged the AUD against all of its currency rivals, especially against safe-havens like the Swiss franc (CHF) and Japanese yen (JPY). With significant reports being released this morning, forex traders are likely to see heavy movement by the Aussie in today's trading hours. News out of New Zealand later in the trading day is also expected to hike volatility throughout the Pacific countries of China, Japan and Australia. Pacific traders should be cautious in this week's trading, similar to last week's environment.

Current Time: 05/27 00:09 GMT

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