By Krishna K — Dec 08 - 05:00 PM
AUD/USD offered in early Asia after closing 0.95^ lower on Friday
Undermined by shifting RBA rate expectations; odds of an early rate cut rise
RBA expected to hold rates at 4.35% Tue but may soften hawkish stance
Feb rate cut chances climb to 55%, April easing completely priced in
Fallout out from developments in Syria and S.Korea weigh on Aussie
Lower U.S. yields on Fed Dec rate cut expectations limit downside
U.S. and China inflation data, China CEWC meeting also key this week
Major support base at 0.6340-0.6360, loss opens ratchet to 0.6271, 2023 low
Resistance 0.6420-25, 0.6440-0.6450; Fri range 0.6373-0.6455
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters