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
Japan – PMI
Thailand – GDP (0.7% YoY expected)
Hong Kong – Unemployment rate (4.1% expected)
Macro Report
Tensions remain high with Russia and Ukraine with western media alleging Russia is ready to invade at any moment with 190k troops at the border. The military exercises in Belarus that were meant to conclude 20th of February however, have been extended whilst it has been estimated by NATO that there are 30k soldiers situated there. However, French President Macron was in discussion with Russian President Putin to work on a diplomatic solution to the crisis.
The ECB has also been turning a tide with members looking to clamp down on inflation and look towards raising rates as well as end QE.
Similar theme out of the US, however, FED members were looking at progressive hikes of 25bp overtime rather than 50bp in March to get the ball rolling.
Risk-off was generally the theme heading into the weekend with the USD index finding a bid into the close.
AUD/USD Daily Chart
DXY (USD INDEX) Daily
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.7171 | -0.08 |
| AUD/JPY | 82.45 | -0.12 |
| AUD/CNH | 4.5324 | -0.16 |
| DXY | 96.0430 | 0.25 |
| Rates | Yield (%) | Change (%) |
| US 10 Year | 1.929 | -0.03 |
| Aus 10 year | 2.205 | -0.06 |
| Equities | Level | Change (%) |
| S&P 500 | 4349 | -0.72 |
| NASDAQ | 14010 | -1.14 |
| ASX 200 | 7222 | -1.02 |
| Commodities | Level | Change (%) |
| Iron Ore | 119.06 | -3.64 |
| Gold | 1898.43 | 0.00 |
| Brent Crude oil | 93.54 | 0.61 |