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Dec 17 - 07:55 PM

AUD/USD - Hits A 13-Month Low As Risk Aversion Weighs

By Krishna K  —  Dec 17 - 05:55 PM
  • AUD/USD hovers near a 13-mth low of 0.6332 after closing 0.5 lower Tuesday

  • Weighed down by risk aversion as traders brace for Wed Fed rate decision

  • Fed policymakers likely to project fewer rate cuts next year

  • Summary of economic projections may also show stronger growth, inflation

  • Weak China economy, declining commodities undermine AUD; copper at 2-wk low

  • Support 0.6300-10, 0.6271, 2023 low; resistance 0.6375-80, 0.6400-05

  • Tuesday range 0.6332-0.6377

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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