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