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
New Zealand – Food Prices (MoM)
New Zealand – Performance Services Index
Macro Report
The risk on theme carried on early during European trading with AUDUSD trading up to 0.7175 and USD showing weakness across the board. This all grinded to a halt and reversed quite heavily when headlines from the U.S National Security Advisor Jake Sullivan stated Russia could invade Ukraine as early as next week. Furthermore, President Joe Biden stated that the US would act “swiftly and decisively” if Russia was to invade Ukraine. This consequently made the market very nervous into the weekend.
Equity markets took a dive with the NASDAQ down 3% alone and rates across the globe all went lower. The CHF and JPY were all bid as the search for safe haven currencies progressed throughout the North American trading session.
With tensions continuing to escalate, oil prices continued their grind higher with Crude now trading up above $93 per barrel and at one stage close to $95 per barrel.
AUD/USD Daily Chart
DXY (USD INDEX) Daily
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.7132 | -0.07 |
| AUD/JPY | 82.23 | -0.17 |
| AUD/CNH | 4.5405 | -0.04 |
| DXY | 96.0820 | 0.55 |
| Rates | Yield (%) | Change (%) |
| US 10 Year | 1.937 | -0.09 |
| Aus 10 year | 2.115 | -0.11 |
| Equities | Level | Change (%) |
| S&P 500 | 4419 | -1.90 |
| NASDAQ | 14254 | -3.07 |
| ASX 200 | 7217 | -0.98 |
| Commodities | Level | Change (%) |
| Iron Ore | 137.07 | 4.61 |
| Gold | 1858.76 | 1.75 |
| Brent Crude oil | 94.44 | 3.31 |