Euro steady at 1.10. Aussie thunders towards 0.65. Economists at analyze the outlook of EUR/USD and AUD/USD pairs
AUD/USD could return to the May/June low of 0.6458
EUR/USD mostly ignored the weakness in Yen and Yuan but could struggle to cling on to 1.10 as European stocks and yields retreat.
The AUD is the biggest faller in G10 after the slump in Chinese imports. A return to the May/June low of 0.6458 could follow.