By John Noonan — Dec 19 - 05:25 PM
AUD/USD opens +0.19% despite Wall Street slump and higher US yields nL1N339294
AUD underpinned by hopes China will boost their economy in 2023 nL1N3360QF
AUD/JPY and AUD/NZD buying on China hopes lifted those crosses around 0.50%
AUD/USD trapped between 21-day MA at 0.6741 and 100-day MA at 0.6665
Factors are offsetting and keeping AUD/USD tucked inside range
Key in Asia will be AUD/JPY flows out of Tokyo as BOJ meets
Moves in Asian equities and China related commodities also key
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Source:
Refinitiv IFR Research/Market Commentary