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Dec 16 - 05:55 PM

AUD/USD - Fails To Sustain Gains As Rate Expectations Diverge

By Krishna K  —  Dec 16 - 04:41 PM
  • AUD/USD opens 0.2% higher but fails to capitalise much on broadly weaker USD

  • Weighed down by diverging central bank rate expectations

  • BoE hikes, Fed pivots, ECB rolls slow as pandemic exits divergenL1N2T10U5

  • In contrast, RBA sees no hike in 2022 nS9N2SE001

  • Higher commodities and metals support ; U.S. crude +1.5%, NYK copper +2.6%

  • Resistance 0.7220-25, support 0.7165-70, 0.7140-45

  • For more click on FXBUZ


Central bank balance sheets: Click here

Source:
Refinitiv IFR Research/Market Commentary

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