By Krishna K — Dec 02 - 10:05 PM
AUD/USD -0.2% in Asia as offshore yuan hits a more-than-one year low
CNY slumps towards 7.3000,lowest since Nov 2023 despite PBOC's firm yuan fix
Trump's weekend comments on USD, robust U.S. economy weigh on currencies
AUD downside limited as Fed's Waller says he is inclined to cut rates in Dec
Odds of Dec 25 bps cut rise to 75%, from 66% late on Fri on CME's FedWatch
Australia public spending splurge carries economy in Q3, adds 0.7ppt to GDP
Offsets a drag from inventories and a disappointing trade performance
Citi Australia revises up estimate for Q3 GDP to 0.7% from 0.2% previously
Q3 GDP data on Wed; support 0.6435-45, 0.6400-10, resistance 0.6500, 0.6530
Asia range 0.6455-0.6481
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters