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USD/JPY Surged and AUD/NZD Declined Amid US Stock Slump
Abstract：US stocks closed with the worst performance since the global sell-off in March, with all three major indices in heavy slump. The forex market was also affected, as the safe-haven greenback and yen climbed while Aussie and New Zealand dollars dropped.
WikiFX News (12 June)- US stocks closed with the worst performance since the global sell-off in March, with all three major indices in heavy slump. The forex market was also affected, as the safe-haven greenback and yen climbed while Aussie and New Zealand dollars dropped.
S&P 500, Dow Jones Index and Nasdaq 100 lost 5.89%, 6.9% and 5.27% respectively at the end of the session.
JPY and USD are expected to keep their strong momentum during todays Asian trading session. Meanwhile, Asian stocks and growth related large commodities such as crude oil may suffer, as well as Australian and New Zealand dollars. Currently, safe-haven assets are being overpriced, while growth assets experience large depreciation.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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