By Krishna K — Dec 11 - 05:35 PM
AUD/USD opens unchanged despite higher U.S. yields and broadly firmer USD
Resilient to news that Chinese authorities are considering a weaker yuan
Takes higher U.S. yields & rising expectations of RBA Feb rate cut in stride
Australia's employment report due Thu, seen as key for RBA rate expectations
RBA ready to respond strongly should US tariffs hit global trade
Strong support base at 0.6340-0.6362, loss opens 0.6271, 2023 low
Resistance 0.6400-05, 0.6425-30; Wednesday range 0.6337-0.6389
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Source:
London Stock Exchange Group | Thomson Reuters