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Dec 29 - 01:55 AM

AUD/USD - Drifts Higher As Wave Of Optimism Sweeps Markets

By Krishna K  —  Dec 29 - 01:02 AM
  • AUD/USD rallies 0.25% in Asia on buoyant risk sentiment; E-Mini +0.45%

  • U.S. lawmakers push forward with fiscal aid package nL1N2J80I4

  • Brexit agreement adds to positive outlook for global growth, lifts risk mood

  • Strong rally in iron ore prices underpin AUD; Dalian iron ore +116% in 2020

  • Year-end profit taking likely to cap AUD/USD rallies; pair up 8% this year

  • Support 0.7555-60, 0.7520-25; resistance 0.7620, 0.7640

  • For more click on FXBUZ


Iron ore's 2020 price performance: Click here

Source:
Refinitiv IFR Research/Market Commentary

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