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Dec 03 - 02:55 AM

AUD/USD - Resilient To USD Strength; Aus Q3 GDP Wed In Focus

By Krishna K  —  Dec 02 - 11:25 PM
  • AUD/USD unchanged in Asia after trading in a 0.6455-0.6481 range

  • Dropped towards 0.6435-45 support as CNH hit a 1-year low at 7.3145

  • CNY slumps towards 7.3000,lowest since Nov 2023 on Trump's weekend comments

  • Buyers step in as Australia public spending splurge carries economy in Q3

  • Expected to add 0.7ppt to Q3 GDP due Wednesday

  • Citi Australia revises up estimate for Q3 GDP to 0.7% from 0.2% previously

  • Support 0.6435-45, 0.6400-10, res 0.6505-15,0.6530; Asia range 0.6455-0.6481

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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