By Krishna Kumar — Jan 16 - 09:44 PM
• AUD/USD unchanged in Asia, trades in a narrow 0.6207-0.6218 range
• Early dip on sales versus JPY fades as AUD/JPY bounces from 1-month low
• China's economic growth surpasses forecasts on stimulus push, lifts AUD
• Buoyant commodity prices support AUD; iron ore rallies to 1-month high
• Traders cautious ahead of Trump's Presidential inauguration Monday
• Chances of RBA Feb rate cut at 68%, likely to cap AUD recovery attempts
• Resistance 0.6230, 0.6250-60, support 0.6190-95, 0.6175
Reuters poll: U.S. Treasury yield outlook January 2025:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters