By Krishna Kumar — Jan 09 - 05:49 PM
• AUD/USD on the defensive in Asia after closing 0.3% lower on Thursday
• Weighed down by elevated US yields, rising expectations of RBA Feb rate cut
• Odds of RBA 25 bps Feb cut @ 69% from 51% on Wed as AU core inflation benign
• Persistent concerns on Chinese economy, Trump's tariffs threats undermine
• US Dec employment & Jan U of Michigan reports are data risks Friday
• Support 0.6170, low in Oct 2022; break opens 0.6100
• Resistance 0.6225-30, 0.6245-50; Thursday range 0.6172-0.6215
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters