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Jan 05 - 01:55 AM

AUD/USD - Recovers Ground In Cautious Asia; All Eyes On Yuan

By Krishna K  —  Jan 04 - 11:57 PM
  • AUD/USD rallies 0.4% in Asia on dollar weakness; range 0.7661-0.77095

  • Led higher by a rampaging yuan which rallies to a 2 1/2 year high

  • Gives back some ground as yuan retreats on market talk of PBOC smoothing

  • Rallies likely limited as rising global virus toll sours risk sentiment

  • Cautious trading to prevail ahead of Georgia Senate vote TuesdaynL1N2JF1VT

  • Resistance 0.7710, 0.7740-45, support 0.7670-75, stronger at 0.7640-45

  • For more click on FXBUZ


China iron ore, ferrous metals 2020 price performance: Click here

Source:
Refinitiv IFR Research/Market Commentary

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