By Paul Spirgel — Dec 26 - 09:40 AM
AUD$ soft in NY -0.72% at 0.6225; Thursday range 0.6253-0.6223
Pair below pre-Xmas close 0.6270, amid UST yield rise; higher Fed rate view
Liquidity issues owing to Boxing day and yearend keep flows light
Aussie continues to be punished as RBA rate expectations soften
LSEG's IRPR indicates a tad more than 1cut in Q1, -74bp by Dec 2025
Commodities a touch higher, oil +0.7%, copper +0.4% temper the dip
Supt 0.6223 Thurs low, 0.6199 Dec 19 2024 low, 0.6170 Oct 14 2022 wkly low
Res 0.6253 Thursday high, 0.6277 falling 10-DMA, 0.6340 Dec 18 high
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Source:
London Stock Exchange Group | Thomson Reuters