AUDUSD is trading at 0.6880 for the third time in the last two | FxPro
AUDUSD is trading at 0.6880 for the third time in the last two months. A move lower would take the Aussie back to where it last changed hands in July 2020, and it is not helped by expectations that the Reserve Bank of Australia will hike the 50-point rate twice, in July and August.
Recent dynamics in various markets indicate that the reduced demand for risky assets comes from a broad front. Some markets are close to their red lines, which could accelerate the sell-off and return volatility to levels of the previous couple of weeks.
