News Column

AUD/USD and GBP/AUD Breakout as Volatility Strikes

January 24, 2014

Christopher Vecchio

Talking Points: - Chinese credit concerns spillover into FX markets. - Emerging market concerns provoking flight to safety. - AUDUSD and GBPAUD trades maturing. Emerging market pressure has ramped up the past few days, with currencies like the Argentinian Peso and Russian Ruble coming under pressure. As distant risk-related cousins, the commodity currencies, the Australian and New Zealand Dollars, are under significant pressure. The AUDUSD and GBPAUD trades covered earlier this week continue to evolve favorably. Follow him on Twitter at @CVecchioFX


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Source: DailyFx


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