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Jan 21 - 05:55 PM

AUD/USD - Risk Rally, Lower US Yields Attract Buyers

By Krishna Kumar  —  Jan 21 - 05:15 PM

• AUD/USD opens unchanged, recovers from sharp fall Tue on Trump's tariff talk

• Lower U.S. yields, rally in global stocks attracts dip buyers

• Trump's better-than-feared tone on global trade stabilises markets

• Risk mood lifts as Trump refrains from imposing tariffs on 1st day in office

• Yuan gains, iron ore rally support AUD; focus shifts to Aus Q4 CPI next Wed

• Strong resistances at 0.6300-05, 0.6340-45, support 0.6230-35, 0.6200-05

• Tuesday range 0.62085-0.62885
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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