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Dec 06 - 05:55 PM

AUD/USD - Opens Higher As Risk Mood Perks Up; RBA Meeting Eyed

By Krishna K  —  Dec 06 - 04:26 PM
  • AUD/USD opens 0.65% higher as Wall Street rebounds and Omicron fears ease

  • Boosted by higher commodities & metals; U.S. crude up 5.25%, copper up 1.7%

  • China 50bps RRR cut enhances risk appetite, boosts Aussie nL1N2SR0H7

  • RBA meets Tuesday; c.bank may point to inflation, Omicron risksnL1N2SQ0J0

  • Diverging RBA-Fed rate expectations to cap AUD gains as Fed sets rate pace

  • Resistance 0.7055-65, 0.7085-90, support 0.7030-35, 0.6990-0.7000

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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