The AUD/USD pair has dropped during the Friday session to test the 0.69 level.
This is a market that continues to be highly sensitive to the overall risk appetite around the world, which of course is waning.
Pay close attention to is the fact that the Australian dollar is highly sensitive to the Chinese mainland economy, so therefore you need to keep in mind that everything that’s going on in China has a major influence here.
The Chinese economy seems to be slowing down, and there are a lot of concerns about what’s going on over there.
