AUD/USD is trading under 0.6600 consistently in August so far. Learn how China affects AUD demand from IG Strategist Frank Kaberna as he covers forex vs stock correlations, FXI performance and recent forex price action.
Intro: (0:00)
AUD/USD nears lows on the year: (0:20)
Why China is correlated with AUD: (1:36)
Forex and stocks rarely correlate: (2:37)
Chinese vs US stocks: (3:50)
How often is AUD/USD under 0.6500: (5:03)
Australian dollar sentiment: (7:49)
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