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A$ Outperforms As Risk Sentiment Improves, PMIs Coming Up

AUD

Aussie and Kiwi outperformed the G10 as risk sentiment continued to recover as geopolitical tensions eased. After spending most of the European/NY sessions trading between 0.6430 and 0.6450, AUDUSD is up 0.5% to 0.6450. The USD index is flat.

  • AUDUSD is approaching resistance at 0.6457, April 18 high, but the trend condition remains bearish. Initial support is at 0.6363, April 19 low.
  • AUDNZD was down slightly to 1.0896. Aussie rose strongly against the yen up 0.6% to 99.82, near the intraday high. AUDGBP is up 0.7% to 0.5222, close to the high of 0.5230. AUDEUR rose 0.5% to 0.6054.
  • Equities rallied with the S&P up 0.9%, Euro stoxx +0.4% and FTSE +1.6%. Oil prices were down slightly with WTI -0.1% to $82.14/bbl. Copper fell 0.3% and iron ore is down to around $115/t.
  • Today the preliminary Judo Bank PMIs for April print.

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