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Dec 08 - 05:55 PM

AUD/USD - Rises To 1-Week High; Investors Brush-Off Omicron Blues

By Krishna K  —  Dec 08 - 04:26 PM
  • AUD/USD opens 0.8% higher, on pace to notch third straight session of gains

  • Rises as fears on hit to global economic recovery from Omicron variant fade

  • Growing perception that 7.3% drop from October 0.7555 peak overdone supports

  • Boosted by rally in risk assets; S&P 500 posts biggest 3-day rise in a year

  • Higher oil and copper prices underpin ; U.S. crude +0.75%, NYK copper +1%

  • RBA Governor Lowe speaks at 9.05 AM Sydney; topic -Payments: the Future?

  • Resistance 0.7200-10, 0.7230-35, support 0.7145-50, 0.7115-20

  • For more click on FXBUZ


Reuters poll graphic on the U.S. economic and monetary policy outlook: Click here

Source:
Refinitiv IFR Research/Market Commentary

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