By Krishna K — Dec 05 - 04:50 PM
AUD/USD opens 0.35% higher as USD slips across the board ahead of US NFP Fri
Boosted by higher-than-expected US jobless claims which rise to 1-month high
Supported by higher offshore yuan and stable AXJ currencies
Upside limited on scaled up RBA rate cut expectations after weak GDP on Wed
25 bps RBA rate cut fully priced in now for April; Odds of Feb cut at 51%
Support 0.6425-30, stronger at 0.6400-05, clear break opens 0.6348-62
Resistance 0.6470-75, 0.6500-05; Friday range 0.6422-0.6454
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Source:
London Stock Exchange Group | Thomson Reuters