4 Global Market Updates- 23 August, 2022

 

In this article, we have covered the highlights of global market news about the AUD/USD, USD/TRY, USD/JPY and EUR/HUF.
AUD/USD: Risk aversion and rate differentials will produce near-term downward pressures – HSBC

The AUD/USD exchange rate is now below 0.69. HSBC economists anticipate that the Aussie will continue to have difficulties.

RBA must quickly change course to offer a “soft landing.”
“Risk aversion would probably lead to near-term downward pressures for the AUD amid weakening global demand and yield differentials.”

 

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