By Krishna K — Dec 09 - 05:10 PM
AUD/USD opens 0.7% higher after trading in a 0.6380-0.6471 range Monday
Rallied on China's vow to ramp up stimulus to spur growth in 2025
China changes monetary stance to 'appropriately loose' from 'prudent'
Fiscal policy to be more proactive; analysts say announcement "significant"
Commodities jump on announcement, lift AUD; NYK copper +1.5%, iron ore gains
RBA rate decision in focus; c.bank to hold rates, may soften hawkish stance
Resistance 0.6483-93, support 0.6420, 0.6400, 0.6380, major 0.6348-0.6362
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Source:
London Stock Exchange Group | Thomson Reuters