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Dec 04 - 08:55 PM

AUD/USD - Eases Towards Support On Scaled Up RBA Rate Cut Bets

By Krishna K  —  Dec 04 - 08:00 PM
  • AUD/USD offered in Asia as traders boost bets on RBA April rate reduction

  • 25 bps RBA rate cut fully priced in now for April from May earlier

  • Odds of February cut at 51% from 27% before GDP disappointment on Wednesday

  • Downside limited as U.S. yields decline as Fed Dec rate cut odds rise

  • Focus moves to US NFP Friday and RBA rate decision Tuesday

  • Australia goods trade surplus widens to A$5.95 bln in Oct as exports rise

  • Strong support at 0.6400-05, clear break opens 0.6348-62

  • Resistance 0.6440-45, 0.6475-80; Asia range 0.6422-0.6434

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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