# AUD/USD pares gains below 0.6900 as risk-aversion gathers steam — Octa

> AUD/USD pared gains below 0.6900 as risk-off flows built in European trading. Traders weighed fears over aggressive ECB and Fed tightening, the worsening European gas crisis, and renewed Covid lockdowns in China.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40295-aud-usd-pares-gains-below-0-6900-as-risk-aversion-gathers-steam-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Risk-off sentiment and China lockdown concerns point to weaker demand for commodities and a firmer dollar, a mild headwind for dollar-priced feed ingredients.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/992486/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.