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Dec 08 - 10:55 PM

AUD/USD - Inches Up As Bears Ease Off Ahead Of RBA Tue

By Krishna K  —  Dec 08 - 09:50 PM
  • AUD/USD up 0.1% in cautious Asia as traders brace for RBA rate decision Tue

  • Central bank expected to hold rates at 4.35%, may soften hawkish stance

  • 25 bps cut fully priced in for April with a 55% chance of a Feb easing

  • Fallout out from developments in Syria and S.Korea cap Aussie rallies

  • China disinflation adds to negative AUD sentiment; China CWEC meeting eyed

  • Lower U.S. yields on Fed Dec rate cut expectations limit downside

  • Major support base at 0.6340-0.6360, loss opens ratchet to 0.6271, 2023 low

  • Resistance 0.6420-25, 0.6440-0.6450; Asia range 0.6386-0.6403

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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