Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the US, futures markets are just slightly down, indicating a cautious rather than outright negative sentiment among traders. This subdued response […]
The post Moody’s Downgrade on China Weighs on Commodity Currencies, AUD Leads Decline appeared first on Action Forex.
