A$ Rallies Above 67c As USD Weakens, Commodities Rise

Aussie has strengthened sharply during APAC trading. AUDUSD has broken through 67c and is up 0.5% to 0.6711, close to the intraday high. It has been supported by the CNH rally, which has put pressure on the greenback, but A$ is also higher against the major crosses as commodities are firmer. The USD index is 0.2% lower.

• AUDJPY is up 0.4% to 96.21, the highest since Friday. AUDNZD is 0.3% higher at 1.0864 after an intraday low of 1.0822. Aussie is up around 0.4% versus the euro and pound to 0.6144 and 0.5273 respectively.
• Equity markets are mixed with the ASX up 0.6%, the Hang Seng +1.4% but the Nikkei down 0.8%. The S&P e-mini is also higher up 0.2%. Brent is up 0.5% at $74.54/bbl. Copper rose 0.5% and iron ore is stronger at around $111/t.
• US May durable goods orders, April house prices, May new home sales, June consumer confidence, June Richmond manufacturing & Dallas services print later. Canada’s May CPI is also released. ECB President Lagarde speaks. Tomorrow May Australian CPI is out.