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A$ In Narrow Range On Light Calendar

AUD

AUDUSD has been moving in a narrow range today driven by the greenback in the absence of significant new information. The pair is flat on the day and is currently around 0.6826 after reaching a high of 0.6829 earlier but couldn’t hold the break above resistance. The USD index is up 0.1%.

  • AUDJPY is 0.2% higher at 97.35, close to the intraday high of 97.44. AUDNZD is little changed at 1.0789, AUDEUR at 0.6185 and AUDGBP at 0.5366.
  • Equity markets have generally followed the US higher with the ASX up 1% and the Hang Seng +0.8% but the CSI down 0.1%. The S&P e-mini is little changed. Oil prices are down slightly with Brent 0.4% lower to $80.76/bbl. Copper is up 0.2% and iron ore is $139-140/t as China’s steel mills restock before the Lunar new year holiday.
  • There are only second tier data later today with the US’ Richmond and Dallas Fed indices for December.

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