Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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Key Data Being Released Today
| Australia – | Employment Change (Sep) | |||
| China – | PBoC Loan Prime Rate | |||
| United States – | Initial Jobless Claims | |||
| Philadelphia Fed Manufacturing Index (Oct) | ||||
| Existing Home Sales (Sep) | ||||
Macro Report
The US dollar was stronger overnight against major currency pairs overnight. The Aussie gave up it gains up near 0.6316, falling as low as 0.6252 before settling around 0.6271.
One of the driving themes for the evening was ongoing inflation fears, with both UK and Canadian CPI figures printing higher than expected.
Central bankers from the US and Eurozone also stoked markets with hawkish comments.
US treasuries pushed higher amongst the backdrop, the 10-year to a cycle high of 4.12%.
Ahead today, Australia has lead with employment data. Overnight, the US will release home sales numbers as well as weekly jobless claims.
AUD/USD Daily Chart
DXY (USD INDEX) Daily Chart
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.6263 | -0.11 |
| AUD/JPY | 93.90 | -0.09 |
| AUD/CNH | 4.5538 | -0.07 |
| DXY | 112.91 | 0.70 |
| Rates | Yield (%) | Change |
| US 10 Year | 4.1270 | 0.129 |
| Aus 10 year | 4.029 | -0006 |
| Equities | Level | Change (%) |
| S&P 500 | 3695 | -0.67 |
| NASDAQ | 10681 | -0.85 |
| ASX 200 | 6800 | 0.31 |
| Commodities | Level | Change (%) |
| Iron Ore | 94.86 | -0.35 |
| Gold | 1634.3 | -0.89 |
| Brent Crude oil | 92.4 | 2.63 |