11 Aug 2015
AUD/USD breaks below 0.7300, hits 1-week lows
FXStreet (Córdoba) - After moving near 0.7300 during hours, AUD/USD broke to the downside and dropped to 0.7282, reaching the lowest level in a week.
AUD/AUD from 3-week highs to 1-week low
During the Asian session the pair hit 0.7439 before turning sharply to the downside after the People Bank of China devalued the Yuan. So far, from the highs it has fallen more than 150 pips and is having the worst day in months.
AUD/USD is trading slightly above the lows as it remains under pressure. The aussie is among the worst performers in the currency market.
In a few minutes, after PBoC announcement, the pair erased August gains and is trading back below the level it closed on July, approaching again multi—year lows that lie at 0.7235.
AUD/AUD from 3-week highs to 1-week low
During the Asian session the pair hit 0.7439 before turning sharply to the downside after the People Bank of China devalued the Yuan. So far, from the highs it has fallen more than 150 pips and is having the worst day in months.
AUD/USD is trading slightly above the lows as it remains under pressure. The aussie is among the worst performers in the currency market.
In a few minutes, after PBoC announcement, the pair erased August gains and is trading back below the level it closed on July, approaching again multi—year lows that lie at 0.7235.