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Dec 17 - 07:55 AM

AUD/USD - Drops To Threaten Last Week's 13-Month Low

By Rob Howard  —  Dec 17 - 05:55 AM
  • AUD/USD eyes 0.6337 after extending south from 0.6377 (Asian session high)

  • 0.6337 was 13-month low last week (after Reuters report on yuan hurt AUD)

  • Bear targets include 0.6300 - a level below which stops are tipped

  • Two-day Fed meeting gets underway later; hawkish cut expected on Wednesday

  • Big 0.6350 option expiries on Wednesday, Thursday and Friday nL1N3NH0B1

  • US Nov retail sales data due at 1330 GMT; 0.5% MM forecast vs 0.4% in Oct

Source:
London Stock Exchange Group | Thomson Reuters

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