AUD analysis 26.12.2019

The Australian dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its stability near its highest since the 13th of the month, when it tested the highest since July 26 against the US dollar amid the scarcity of economic data by the Australian economy within the year-end holidays and birthdays On the cusp of developments and economic data expected today, Thursday, by the US economy, the largest economy in the world.

At 02:45 GMT, the Australian dollar pair rose against the US dollar by 0.09% to 0.6926 levels compared to the opening levels at 0.6920, after the pair achieved its highest level during the trading session at 0.6927, while achieving the lowest at 0.6918.

Investors are currently awaiting by the American economy the release of the index of subsidy requests for the week that expires on December 21, which may reflect a decline by 12 thousand requests to 222 thousand applications compared to 234 thousand requests in the previous weekly reading, and this comes amid looking to reveal the Treasury The US report on its semi-annual report on economic policies and the international exchange rate.