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Dec 30 - 05:55 PM

AUD/USD - Recovery Fades Yet Again As Risk Aversion Weighs

By Krishna Kumar  —  Dec 30 - 04:47 PM

• AUD/USD opens 0.1% higher but well off the 0.6246 Mon high on risk aversion

• Wall Street ends sharply lower on profit taking after stellar 2024

• AUD undermined by likely Fed-RBA rate divergence in 2025, weak China economy

• Off shore yuan weakens 0.2%, CNY threatens break of 7.3000, weigh

• China Dec official PMIs key Tue; mfg activity seen expanding for 3rd month

• Strong technical support at 0.6200; clear break opens 0.6170, the 2022 low

• Resistance 0.6250,0.6270; Monday range 0.6204-0.6246
Global commodity price changes in 2024:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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