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Dec 20 - 05:55 AM

AUD/USD - Respects Thursday Range After Fed-Spurred Fall

By Rob Howard  —  Dec 20 - 03:55 AM
  • AUD/USD has traded a 34 pip range so far Friday; 0.6215-49, pre-US PCE data

  • The base of that range is 16 pips above Thursday's Fed-spurred 26-month low

  • 0.6265 was Thursday's high, after some profit-taking on short positions

  • AUD/USD was just above 0.6300 into the Fed's hawkish guidance on Wednesday

  • More hawkish Fed policy committee may increase dissent in 2025 nL1N3NJ19L

  • Trump-backed spending deal fails in House, shutdown approaches nL1N3NK0VK

Source:
London Stock Exchange Group | Thomson Reuters

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