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A$ Range Trades While Equities Rally

AUD

AUDUSD is down slightly to 0.6429 following an intraday high of 0.6445. It is down against other major currencies too. The USD index is unchanged after recovering from its drop earlier.

  • AUDNZD is steady at around 1.0643. But Aussie is down 0.1% versus the yen to 95.61 after a high earlier of 95.73. AUDEUR is 0.1% lower at 0.6060 and AUDGBP -0.1% to 0.5228.
  • Equity markets are following the US/Europe higher with the ASX up 0.7%, Hang Seng +1.6% and Kospi +2.4%. S&P e-minis are flat. Oil prices are moderately higher with Brent +0.3% to $87.92/bbl. Copper is up 0.1% and iron ore is higher at just under $112.50/t.
  • Later the Fed’s Bowman, Waller, Bostic and Collins speak plus the September Fed minutes are released. On the data front, US September PPI is released. The ECB’s Lagarde and Panetta will attend the IMF/World Bank annual meetings.

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