- AUD / USD remains in positive territory as the dollar retreats amid appetite for risk.
- US stocks have rallied as US data lifted spirits ahead of the holidays.
The AUD is the strongest currency of the day in a risk appetite environment, with US consumer confidence higher than expected for December, and while the economic growth of the third quarter was revised upwards.
The Nasdaq Composite is up 0.9% to 15,486.29 intraday, with the S&P 500 rising 0.8% and the Dow Jones 0.4% higher. All sectors were positive.
The pair AUD / USD is firm, 0.85% higher around day highs near 0.7220 at the time of writing. The 10-year US Treasury yield is down 0.34% to 1.46% and the US dollar, as measured by the DXY, is down 0.39% from 96.60 to a low of 96.03. US rates are beginning to normalize.
Meanwhile, the index of CB consumer confidence rose to 115.8 points in December from the revised upward level of 111.9 in November, the Conference Board reported Wednesday. The consensus among analysts indicated a reading of 110.7. Gross domestic product GDP of the United States was also revised up in the third estimate for the third quarter, to 2.3% from 2.1% in the second estimate.
AUD / USD technical levels
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