AUD Markets News 

‘Flash crash’ rips through Asia’s currency markets sending the yen into orbit and the Aussie dollar crashing to Earth

“If so, we’d expect Aussie dollar to be trading back reasonably comfortably above 0.70 before Q1 is out.”” writes Vatsal Srivastava for businessinsider.com. Against the yen, the Aussie dollar fell 2.2 percent to 74.37.Weaker-than-expected data out of China, Australia’s largest trade partner has taken the shine off the Aussie dollar in recent weeks.The euro was marginally higher at $1.1340 in Asian trade.In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since March 2018 before recovering some of its losses as trading progressed.
 
Source: businessinsider.com



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