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Thomson Reuters
Dec 06 - 06:12 AM
AUD/USD - Drops To New One-Week Low After Debelle's Rate Tip
First appeared on eFXplus on Dec 06 - 04:40 AM
  • AUD/USD extends south to 0.7212 after interest rate steer from RBA's Debelle
  • Debelle said RBA has room to cut rates if needed nS9N1X9023
  • Steer follows dovish turn in RBA expectations since Aussie GDP miss Weds
  • 0.7212 = lowest level for AUD/USD since Nov 27. 0.7218 was Asia low
  • AUD losses in Asia spurred by risk aversion on Huawei news nL1N1YA1YR
  • 0.7199 (Nov 27 low) and 0.7164 (Nov 13 low) are AUD/USD support levels

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