Global credit rating agency Fitch recently released its analysis on Australia’s fixed income markets. The rating giant conveyed that the Australian fixed-income investors consider geopolitical risk as the biggest threat.
- "Australian investors believe macroeconomic disruption likely due to trade wars pose a threat to bank credit quality over the next 12 months."
- "China hard landing second most risk."
While AUD/USD showed little reaction to the news, it signifies the US-China trade’s impact on the Aussie. The quote seesaws near 0.6750 by the press time of early Wednesday morning in Asia.
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