By Krishna Kumar — Dec 29 - 10:46 PM
• AUD/USD +0.4% in Asia on bargain hunting, technical demand in thin market
• Buyers step in after support at 0.6200 held for 2nd time on Friday
• But only a move above resistance at 0.6280 signals an interim low in place
• Rallies likely to be capped on possible Fed-RBA rate divergence in 2025
• Weak Chinese economy, Trump's tariff threats are significant risks next year
• Loss of 0.6199 Dec 19 low opens 0.6170, 2022 low; minor resistance 0.6250
• Asia range 0.6210-0.6242
Reuters poll - U.S. 10-year Treasury yield forecasts
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters