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A$ Range Trading As Little Driving Markets, US GDP Later

AUD

AUDUSD has moved off its intraday low of 0.6566 to be little changed at 0.6576, as the USD index is steady. There has been little new news to drive currency markets during the APAC session.

  • Aussie is stronger against most of the major crosses with AUDJPY up 0.1% to 97.07. AUDEUR has range traded but is up 0.1% to 0.6044 and AUDGBP +0.1% to 0.5174. AUDNZD is flat at 1.0761 after a low of 1.0757.
  • Equity markets are mixed with the ASX up 0.3% but the Nikkei down 0.4%. The S&P e-mini is unchanged. Oil prices are off their intraday high with WTI up 0.2% to $75.22/bbl. Copper is down 0.4% and iron ore is around $136/t.
  • Later US Q4 GDP is released plus jobless claims, December durable orders and home sales. The ECB decision is today followed by President Lagarde’s press conference (see MNI ECB preview here). The German Ifo survey also prints.
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