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Dec 12 - 05:55 PM

AUD/USD - Gains Evaporate As Traders Brace For Hawkish Fed Cut

By Krishna K  —  Dec 12 - 05:20 PM
  • AUD/USD opens unchanged as gains made after Australian jobs report fade

  • Higher U.S. yields and expectations of hawkish Fed rate cut next week weigh

  • Sticky U.S. inflation boosts USD across the board, undermines AUD

  • Weak CNY, expectations of Feb RBA rate cut will continue to cap AUD rallies

  • RBA Assistant Governor Sarah Hunter speech, Japan Tankan risk events in Asia

  • Strong support base at 0.6340-0.6362, loss opens 0.6271, 2023 low

  • Resistance 0.6400-05, 0.6425-30

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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