Derived Data That Drive Results
By Krishna K — Dec 18 - 05:15 PM
AUD/USD opens 1.9% lower as more hawkish-than-expected Fed surprises markets
Fed cuts rates 25 bps, signals slower pace of future cuts, firmer inflation
Pencils in fewer cuts in 2025, just two 25 bps rate cuts from 4 previously
Treasury yields surge; 10-year yield up 14 bps, 2-year yield, up 12 bps
Wall Street slumps as risk aversion grips markets; S&P E-Mini down 3%
Weak China economy, lower commodities will continue to undermine AUD
BOJ rate decision key Thu ; rate hike may result in AUD/JPY sales
Wednesday range 0.6212-0.6339; support 0.6200-10, 0.6170
Resistance 0.6270-80, 0.6330-40
For more click on FXBUZ
Where policymakers expect to steer interest rates: Click here
Source:
London Stock Exchange Group | Thomson Reuters
