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Dec 16 - 05:55 PM

AUD/USD - Marches Towards 0.7638; Powell Assures Accommodation

By Krishna K  —  Dec 16 - 04:45 PM
  • AUD/USD opens near multi year high as Fed reiterates lower for longer rates

  • Growing hopes of U.S. fiscal stimulus deal supports nL1N2IW14W

  • Fed vows to buy bonds until it sees 'substantial progress' in eco recovery

  • Powell assures powerful support for economy nL1N2IV1EWnL1N2IW2CR

  • Dalian iron ore breaches 1000 yuan, copper near 8-year high, support AUD

  • Sino-Australia trade tensions taken in stridenL1N2IW03V, no bar to uptrend

  • Australia employment data and govt mid-year review due Thursday

  • Break of 0.7578, high on Mon & Wed opens 0.7600,0.7638 38.2% of 2011-20 drop

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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