Moody’s Downgrade on China Weighs on Commodity Currencies, AUD Leads Decline

<p><img width="612" height="363" src="https://www.actionforex.com/wp-content/uploads/2021/08/f-china76.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2021/08/f-china76.jpg 612w, https://www.actionforex.com/wp-content/uploads/2021/08/f-china76-600×356.jpg 600w, https://www.actionforex.com/wp-content/uploads/2021/08/f-china76-150×89.jpg 150w, https://www.actionforex.com/wp-content/uploads/2021/08/f-china76-300×178.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Commodity currencies, particularly Australian Dollar, are experiencing notable selling pressure today. However, it should be noted that European investor sentiment, while not explicitly full-blown risk-on, clearly lacks the typical features of risk aversion. In the US, futures markets are just slightly down, indicating a cautious rather than outright negative sentiment among traders. This subdued response […]</p>
<p>The post <a href="https://www.actionforex.com/action-insight/market-overview/530364-moodys-downgrade-on-china-weighs-on-commodity-currencies-aud-leads-decline/">Moody’s Downgrade on China Weighs on Commodity Currencies, AUD Leads Decline</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>