By Krishna Kumar — Jan 01 - 09:41 PM
(Adds chart)
• AUD/USD up 0.35% as Wall Street futures rally, yuan recovers from early fall
• S&P E-Mini +0.2% after an early decline of 0.4%; ASX 200 up 0.25%
• CNY barely unchanged Thursday after weakening to a low of 7.3100
• Bargain hunting buoys Aussie as buyers step in ahead of 0.6170, 2022 low
• Upside limited; possible Fed-RBA rate divergence in 2025 to cap rallies
• Only a rally above resistance at 0.6270 signals an interim low in place
• Interim resistances 0.6230, 0.6250; 0.6170 loss opens drop to 0.6096-0.6100
• Asia range 0.6182-0.6215*
AUD
(Krishna Kumar is a Reuters market analyst. The views expressed
are his own.)
Source:
London Stock Exchange Group | Thomson Reuters