Welcome to our daily market update where we help keep you informed on the latest happenings in the world of FX and show you what this means for the Mighty Aussie Dollar.
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Key Data Being Released Today Friday the 31st of December 2021
- Today
- JPY BoJ Interest Rate Decision (Forecast -0. 10%, Previous -0.10%)
- AUD Trade Balances (Nov) (Forecast 10.600B, Previous 11.220B)
- Overnight
- EUR ZEW Economic Sentiment (Jan) (Forecast 29.2, Previous 26.8)
- USD NY Empire State Manufacturing Index (Jan) (Forecast 25.7, Previous 31.9)
The Aussie Dollar – Fundamentals
Major currencies were mixed against the US dollar in European and North American trade. But the Aussie dollar rose from lows near US71.99 cents to highs near US72.28 cents and was near US72.10 cents in afternoon North American trade. The Euro fell from highs near US$1.1433 to lows near US$1.1391 and was near US$1.1405 in afternoon North American trade.
US financial markets were closed on Monday in observance of the Martin Luther King Jr. Day holiday. Whilst there was no US economic data scheduled for release, yesterday did see the PBOC cut their lending rates on one year loans by 0.10% in what appears could be part of an ongoing easing policy to support the economy.
Markets will most likely be lackluster during Asian trading, with no real major data to come out and no real lead from overnight markets.
AUD/USD Daily Chart
DXY (USD INDEX) Daily
Major Global Markets
- Stocks
- S&P 500 4670
- NASDAQ 14942
- ASX 200 7447
- Currencies
- AUD/USD – At the time of writing this report trades at 0.7210
- AUD/JPY – At the time of writing this report trades at 82.63
- AUD/CNH – At the time of writing this report trades at 4.5786
- AUD/EUR – At the time of writing this report trades 0.6314
- DXY (US Dollar Index) – At the time of writing this report trades 95.238
- Bonds
- US 10-year Bonds are currently at 1.793
- Aussie 10-year Bonds are currently at 1.905
- Commodities
- Spot Iron Ore ($US/t) 125.65
- Gold futures ($US/oz) 1818.90
- Oil Brent ($US/b) 86.48