AUD News 

Yen soars, Aussie tumbles as fresh growth worries trigger foreign exchange ‘flash crash’

“Against the yen, the Aussie dollar fell 1.8 percent to 74.67” writes unknown author for cnbc.com. In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since March 2018.Weaker-than-expected data out of China, Australia’s largest trade partner has taken the shine off the Aussie dollar in recent weeks.The Aussie dollar last traded at $0.6931, down 0.74 percent.The spike in risk aversion triggered massive stop-loss flows from investors who had held short positions on the yen for months.
 
Source: cnbc.com



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