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Dec 03 - 04:55 PM

AUD/USD - Resilient To EM Blues And Trade Tiffs, Awaits Q3 GDP

By Krishna K  —  Dec 03 - 04:30 PM
  • AUD/USD opens unchanged despite escalating trade tensions, S.Korea turmoil

  • S.Korea lifts martial law, relieving some market uncertainty; KRW recovers

  • China bans export of critical minerals to US as trade tensions escalate

  • Fed Dec rate cut expectations underpin as labour market steadily cools

  • Higher metals support; copper at 3-wk high, Dalian iron ore nears 2-mth high

  • Aus GDP Wed; Citi Australia revises up estimate for Q3 GDP to 0.7% from 0.2%

  • Support 0.6435-45, 0.6400-10, res 0.6505-15,0.6530; Tue range 0.6455-0.6505

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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