The Aussie pair tracks equities and gold prices amongst generally a boring year-end trading session, with major thought on the South African covid variant, namely Omicron, as well as on the chatters surrounding the Fed’s rate hike concerns.
Wall Street benchmarks traded volatile as DJI managed to print a five-day uptrend, but S&P 500 snapped a four-day winning streak even after refreshing the record top during early hours. Nasdaq also closed negative for the first time in five days after poking the all-time high levels marked in November.
Australia’s most populous state New South Wales (NSW) reports doubling of the covid infections for Tuesday, with 11,201 new infections and three virus-led deaths.
Looking forward for today, a light calendar and year-end holiday attitude may limit AUDUSD moves while virus updates and Fed speculations will offer transitional directions. On the data side, US Pending Home Sales and Goods Trade Balance for November are the data to watch.
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