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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.