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Dec 26 - 01:55 PM

AUD/USD - Eyes 2024 Low At 0.6199 Amid Fed-RBA Rate Divergence

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

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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