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 – PPI YoY
India – CPI (6% YoY expected)
New Zealand – Home Sales (-32.8% YoY)
Macro Report
Although the war and fighting continues, negotiations between Russia and Ukraine appear to be making progress as each side is listening to each other’s requirements/demands more now. The U.S. is also planning to ramp up economic sanctions against Russia including the ban of Russian Seafood, alcohol and diamonds, whilst also encouraging its’ allies to do the same. They did however stop short and note that they will not fight a war in Ukraine though.
USD was in hot demand during Friday nights trading session whilst equities closed near the session lows with the S&P 500 having the worst weekly performance since January 2021. As the war continues, concerns that higher levels of inflation will hinder economic recovery has growth and confidence will fall.
A heavy week of data ahead, most notable with the U.S. Federal Reserve rate meeting will keep the market on edge as uncertainty and volatility remains elevated.
AUD/USD Daily Chart
DXY (USD INDEX) Daily
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.7291 | -0.04 |
| AUD/JPY | 85.563 | 0.02 |
| AUD/CNH | 4.6401 | 0.08 |
| DXY | 99.1240 | 0.63 |
| Rates | Yield (%) | Change (%) |
| US 10 Year | 1.992 | 0.01 |
| Aus 10 year | 2.387 | -0.01 |
| Equities | Level | Change (%) |
| S&P 500 | 4204 | -1.30 |
| NASDAQ | 13302 | -2.13 |
| ASX 200 | 7064 | -0.94 |
| Commodities | Level | Change (%) |
| Iron Ore | 141.52 | -1.02 |
| Gold | 1988.46 | -0.43 |
| Brent Crude oil | 112.67 | 3.05 |