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A$ Higher But Mixed Equities Adding Pressure

AUD

Aussie has trended higher during the APAC session so far today supported by positive equity sentiment but with China/HK starting the day mixed the AUD is off its highs. AUDUSD peaked at 0.6552 but has moved lower and is now up 0.2% to 0.6542. The USD index is off its low but is still down 0.1%.

  • Aussie is little changed against the yen at 98.08. AUDNZD is down slightly to 1.0658. It is 0.1% higher versus the euro and pound at 0.6069 and 0.5187 respectively.
  • Equity markets are mixed with the ASX up 0.1%, CSI 300 flat and KOSPI +0.9% but Nikkei down 0.4% and Hang Seng -1.0%. The S&P e-mini is unchanged. Oil prices are lower with WTI down 0.7% to $77.86/bbl. Copper is down 0.8% and iron ore prices have fallen to around $129.50/bbl.
  • Later the US and Canada are closed for holidays. There are no ECB or BoE speakers either. Tomorrow the RBA minutes from the February meeting are published.

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