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Dec 09 - 10:55 PM

AUD/USD - Drifts Lower On Less Hawkish RBA Expectations

By Krishna K  —  Dec 09 - 09:15 PM
  • AUD/USD down 0.25% as traders position for a slightly less hawkish RBA

  • Feb 25 bps rate cut odds at 54% from 49% earlier this morning

  • First cut fully priced for April 0#AUDIRPR as economy stays weak

  • Australia business conditions worst since pandemic, NAB survey says

  • What to watch for in the RBA rate decision

  • China stimulus vow, buoyant commodity prices likely to limit downside

  • Resistance 0.6450-55, 0.6483-93, support 0.6420, 0.6380, 0.6348-0.6362

  • Asia range 0.6418-0.6453

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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