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Dec 19 - 05:55 PM

AUD/USD - Opens Higher As China Hopes Trump Risk Aversion

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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