- The Australian dollar is under pressure in a context of risk aversion.
- AUD / USD falls for the third day in a row and accelerates.
The AUD / USD is losing ground for the third day in a row and after trading sideways for hours, it broke down again. The price hit a new low in weeks at 0.7221. The price remains in the zone of lows under pressure.
The sharp fall in the stock markets throughout the world, which was triggered by fears about the situation of the Chinese real estate giant Evergrande impact on the Australian dollar, which already came with a weakness last week.
The Wall Street futures show a possible opening with falls between 1.50% and 1.80% in the main indices. In Europe the main places yield 2% on average.
The economic calendar is in the background on Monday. The data in the US will be an index of the real estate sector that is not expected to have an impact. The focus is on the climate of the stock markets. On Tuesday the minutes of the last meeting of the Reserve Bank of Australia will be published and on Wednesday the decisions of the Federal Reserve will be known.
Technical levels
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