Coming in for landing in a heavy cross wind
Insight
January 12, 2018
AUD/USD Annotated Chart: December 2017
The AUD/USD started December on a positive note boosted by USD weakness amid tax reform uncertainty and news reports speculating on Russia’s intervention in US politics.
Overview
- AUD/USD traded in a 3.2c range during December and ended 2017 at 0.7809, up 6c yoy
- USD weakness and strong commodity prices were the main factors behind the currency gains in December
- AUD was the second best performing G10 currency in the month, up 2.69%
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