The AUDUSD was sold off to a low of 0.6515 after the release of China’s trade number for Japan which showed that Exports fell by 17.5% y/y (-10.8% Forecast), Imports fell by a whopping 43.1% (-28.5% Forecast) and the Jan Trade Surplus was 39.11Bio (28.7Bio Forecast).
The low so far today has been 0.6815 with us now having bounced back to the 0.6850 level.
