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A$ Little Changed Ahead Of Fed Decision

AUD

AUDUSD is little changed during APAC trading today as most of the region is closed for labour day holidays, while the rest are waiting for the Fed decision later today. Australian equities are also lower. AUDUSD is down 0.1% to 0.6467 after trading in a range of 0.6465-0.6485. The USD index is 0.1% higher.

  • AUDJPY has traded sideways and is around 102.12. AUDNZD is down 0.1% to 1.0986 off the intraday high of 1.1019. AUDEUR is flat at 0.6069 and AUDGBP up 0.1% to 0.5185.
  • Equity markets that are open are lower with the ASX down 0.9% and the Nikkei -0.1%. The S&P e-mini is slightly lower. Oil prices have continued sinking with WTI down 1% to $81.12/bbl. Copper is 0.8% lower and iron ore around $115.50/t.
  • Later the Fed decision is announced (see MNI Fed Preview) and April ADP employment, ISM/PMI manufacturing and March JOLTS job openings print. UK April manufacturing PMI is released, while Europe ex UK is closed.

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