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
| Canada – | Wholesale Sales (MoM) (Jun) | ||||
| United States – | S&P/CS HPI Composite – 20 n.s.a. (YoY) (May) | ||||
Macro Report
The US dollar (via the DXY index) pulled back overnight as markets await Federal Reserve’s interest rate decision. The Fed will hold its 2-day meeting beginning Wednesday, where it is expected officials will raise rates by 75 basis-point.
The Aussie dollar remains above the 69-cent level, benefiting from higher iron ore prices in Asia.
In regard to other commodities, copper gained nearly 2% again while gold held on to its recent gains at the $1720USD per ounce level.
The benchmark S&P 500 rose 0.13%, while the tech-heavy Nasdaq-100 Index (NDX) dropped.
AUD/USD Daily Chart
DXY (USD INDEX) Daily Chart
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.6969 | 0.20 |
| AUD/JPY | 95.0210 | -0.05 |
| AUD/CNH | 4.7026 | 0.22 |
| DXY | 106.22 | 1.02 |
| Rates | Yield (%) | Change |
| US 10 Year | 2.78 | -0.019 |
| Aus 10 year | 3.33 | -0.013 |
| Equities | Level | Change (%) |
| S&P 500 | 3966.84 | 0.13 |
| NASDAQ | 11782.67 | -0.43 |
| ASX 200 | 6790.10 | 0.01 |
| Commodities | Level | Change (%) |
| Iron Ore | 105.42 | 0.03 |
| Gold | 1726.06 | 0.37 |
| Brent Crude oil | 106.17 | 0.97 |