December Summary
- AUD$ had a strong month gaining 3.3% with a range of 0.6524 to 0.6827.
- Looking back at December, the main market moving events were all around US interest rates with the FOMC and the dot plots for 2024 causing the DXY to drift lower and the AUD to track higher.
- AUD also picked up support from positive commodity prices, China stimulus and a hawkish RBA.
- The other big mover in December was the Yen, as comments from BOJ Gov. Ueda re the possibility of exiting negative interest rate policy, causing a lot of volatility.
Snapshot of the Month
Key Upcoming Dates
| 4th Jan | FOMC Minutes |
| 8th Dec | Non farm payrolls |
| 9th Dec | US Consumer Price Index |
| 12th Dec | UK Consumer Price Index |
| 13th Dec | Australian Consumer Price Index (with key data ahead of RBA on 2nd Feb) |
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