Key Data Being Released Today.
Tuesday
- JPY BOJ Core CPI y/y: exp. 0.3%
The Aussie Dollar
With little economic data coming out today we will have to look at the USD to give us some direction, while we watch the market as it flirts with 0.7500.
The pair attracted fresh interest on the first day of a new trading week amid a dominant risk-on mood in the markets, which generally tends to benefit the AUD. However, a pickup in the USD failed to assist the AUD/USD pair to capitalize on its move or find acceptance above the key 0.7500 psychological level.
The USD steadied on Monday afternoon after bouncing off a one-month low as traders weighed the prospects of a tighter US monetary policy. The risk events this week are heavy, so investors could be favoring the greenback as investors position for uncertainty. The EUR, JPY and the Swiss franc were taking the brunt of the move into the US dollar. The US Dollar Index (DXY) steadied with a gain of nearly 0.23% for the day by the closing bell on Wall Street.
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AUD/USD Daily Chart
Major Global Markets
- Stocks
- S&P 500 closed at 4566
- NASDAQ closed at 15558
- ASX 200 closed at 7441
- Currencies
- AUD/USD – At the time of writing this report trades at 0.7487
- AUD/JPY – At the time of writing this report trades at 85.14
- AUD/CNH – At the time of writing this report trades at 4.7751
- DXY (US Dollar Index) – At the time of writing this report trades 93.825
- AUD/EUR – At the time of writing this report trades 0.6449
- Bonds
- US 10-year Bonds are currently at 1.631
- Commodities
- Iron Ore – Trading at USD/T 122.1
- Gold – trading at USD/OZ 1808
Brent Crude Oil – Trading at USD/Bbl 85.94