By Krishna Kumar — Jan 09 - 07:57 PM
• AUD/USD drifts lower towards fresh 2-year low of 0.6172 hit on Thursday
• Major support at 0.6170, October 2022 low; clear break opens 0.6100
• Elevated U.S. yields weigh as traders brace for jobs data later Friday
• Jobs report key for shaping expectations on the Fed's policy outlook
• Odds of RBA 25 bps Feb cut rise to 69% from 51% on Wed, undermine AUD
• Persistent concerns on Chinese economy, Trump's tariffs threats cap
• Resistance 0.6225-30, 0.6245-50; Asia range Friday 0.6188-0.6199
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters