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Dec 24 - 06:55 AM

AUD/USD - Holds Above Monday Low Amid China Stimulus Hopes

By Rob Howard  —  Dec 24 - 05:05 AM
  • AUD/USD holds above 0.6220 (Monday's low) amid China stimulus hopes

  • China plans record $411 billion special treasury bond issuance next year

  • AUD tends to act as liquid proxy for yuan; China is top trade partner for Oz

  • Iron ore up on China report (iron ore is big export earner for Australia)

  • 0.6199 was 26-month low for AUD/USD last week, after hawkish Fed guidance

  • RBA minutes showed central bank opening door to easing as early as February

Source:
London Stock Exchange Group | Thomson Reuters

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