AUD/USD Forecast

Military tensions between a number of countries likely added to the existing risk aversion in the financial markets. Gold continues to climb.

Reversal of risk seeking sentiment results in US dollar strength as apprehension increases. Market correlations suggest risk aversion across various assets.

Risk seeking sentiment is high as a combination of supportive measures and economic restarts spark optimism. The US dollar weakens against most currencies.

The US Dollar continues to face downside pressure. The Euro currency and Australian Dollar steps up to fill the gap. Crude Oil is steaming ahead.

Euro Zone PMIs brought some relief for the euro as most were better than expected. Australian economy faces a situational challenge.

Risk seeking sentiment fell into risk aversion as a number of economic data releases saw red. The employment climate continues to flash red.