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A$ Through Overnight Highs

AUD

AUD/USD is through the overnight highs and tracking at 0.6860 currently (+0.32% on the day). We are seeing some outperformance on crosses, notably against the yen. AUD/JPY is back close to 93.30, around +0.30% above NY closing levels. AUD/NZD is above 1.1080, but met some resistance ahead of 1.1090, which was a high from late June.

  • Iron ore is up in early trade, back close $116/tonne, while oil is also edging up.
  • Regional equities are firmer, in line with overnight trends, although US equity futures are off a touch.
  • AU yields are firmer, with the AU-US 2yr spread back to -41bps, away from this week's wides of around -50bps.
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AUD/USD is through the overnight highs and tracking at 0.6860 currently (+0.32% on the day). We are seeing some outperformance on crosses, notably against the yen. AUD/JPY is back close to 93.30, around +0.30% above NY closing levels. AUD/NZD is above 1.1080, but met some resistance ahead of 1.1090, which was a high from late June.

  • Iron ore is up in early trade, back close $116/tonne, while oil is also edging up.
  • Regional equities are firmer, in line with overnight trends, although US equity futures are off a touch.
  • AU yields are firmer, with the AU-US 2yr spread back to -41bps, away from this week's wides of around -50bps.