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
| Japan | – | CPI (MoM) (Nov) | ||
| CPI (YoY) (Nov) | ||||
| PPI (YoY) (Nov) | ||||
| United States | – | Core PPI (MoM) (Nov) | ||
| PPI (MoM) (Nov) | ||||
| Michigan Consumer Expectations (Dec) | ||||
| Michigan Consumer Sentiment (Dec) | ||||
Macro Report
The Aussie dollar consolidated on better-than-expected local data and a soft US dollar. The AUD/USD is trading at 0.6772 at the time of writing, up 0.48% following the release of Australia’s trade balance which revealed a surplus of A$12.217 billion in October, a fall from previous A$12.444 billion but larger than the projected A$12.1 billion.
Looking ahead, narkets await the release of the all-important US PPI data, likely to bring volatility to the markets. Prior to, in today’s Asian session, key releases for China, including its CPI and PPI data, will also be highly anticipated by traders.
AUD/USD Daily Chart
DXY (USD INDEX) Daily Chart
Major Global Markets
| Currencies | Level | Change (%) | |
| AUD/USD | 0.6774 | -0.07 | |
| AUD/JPY | 92.5310 | 0.00 | |
| AUD/CNH | 4.7107 | 0.67 | |
| DXY | 104.7740 | -0.31 | |
| Rates | Yield (%) | Change | |
| US 10 Yr | 3.48 | 2.38 | |
| Aus 10 Yr | 3.35 | -0.24 | |
| Equities | Level | Change (%) | |
| S&P 500 | 3,933.92 | -0.19 | |
| NASDAQ | 10,958.55 | -0.51 | |
| ASX 200 | 7,186.00 | -0.60 | |
| Commodities | Level | Change (%) | |
| Iron Ore | 107.50 | -1.83 | |
| Gold | 1,801.50 | 0.19 | |
| Brent Crude oil | 76.51 | -0.86 | |