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HSBC see AUD as oversold but China worries argue against too much of a bounce

HSBC see AUD as oversold but China worries argue against too much of a bounce
This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. HSBC weighs in on the recent AUD/USD movements, expressing reservations about a significant rebound. Even though the pair appears oversold at present levels, it seems to be held captive by China's property sector turbulence. Key Points: 1. Impact of China's Property Sector: AUD/USD has experienced dow... Read More
Posted: Aug 14 2023, 20:59
Author Name: forexlive
Views: 102485

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