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Dec 20 - 01:55 AM

AUD/USD - Drifts Lower Ahead Of Key US PCE Data

By Krishna K  —  Dec 19 - 10:35 PM
  • AUD/USD down 0.2% in cautious Asia, hovers nears 2-yr low of 0.6199 hit Thu

  • Robust U.S. economy, hawkish Fed rate outlook, elevated U.S. yields cap

  • Weak Chinese economy, lower commodities continue to undermine AUD

  • Profit-taking on AUD/JPY weighs as traders book profits after 2% o/n rally

  • U.S. core PCE price data awaited Friday for further clues on Fed policy

  • Support 0.6200-05, 0.6170, 2022 low, resistance 0.6270-75, 0.6300-05

  • Asia range 0.6220-0.6239

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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