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
Hong Kong – Trade Balance
Macro Report
A mixed session and volatility derived from Russia and Ukraine war remains elevated. US Treasuries rose in the short end as market priced in an additional 2% of Federal reserve hikes for the year. A lot of the market focus is now on how much and how quickly central banks can raise rates without hurting households that are heavily indebted with the Bank of Canada in particular weighing up those risks now.
Stocks traded in a range but ultimately finished higher in the session capping off a strong week. Whilst oil continued to bounce back to over $120/barrel after seeing some temporary relief earlier in the week.
Currencies were most or less muted for the closing session only noting the USD index kept its bid tone although magnitude of the moves were quite restrained.
AUD/USD Daily Chart
DXY (USD INDEX) Daily
| Currencies | Level | Change (%) |
| AUD/USD | 0.7512 | -0.04 |
| AUD/JPY | 91.665 | -0.09 |
| AUD/CNH | 4.7993 | 0.03 |
| DXY | 98.7890 | 0.00 |
| Rates | Yield (%) | Change (%) |
| US 10 Year | 2.473 | 0.10 |
| Aus 10 year | 2.935 | 0.10 |
| Equities | Level | Change (%) |
| S&P 500 | 4543 | 0.51 |
| NASDAQ | 14754 | -0.08 |
| ASX 200 | 7406 | 0.26 |
| Commodities | Level | Change (%) |
| Iron Ore | 135.31 | 0.08 |
| Gold | 1958.29 | 0.03 |
| Brent Crude oil | 120.65 | 1.36 |