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A$ Range Trading Despite Stronger Equities


Aussie has been in a narrow range during APAC trading on Tuesday with little new news for markets. AUDUSD is up 0.1% to 0.6438, close to the intraday high and off its low of 0.6423. The USD index is down 0.1%, close to intraday low.

  • Aussie is flat versus the yen at 94.20. It is also steady against kiwi at 1.0883. AUDGBP is down 0.1% to 0.5099 and AUDEUR is little changed at 0.5940.
  • Equity markets are higher across the region with the ASX up 0.4% and the Hang Seng +1.2%. The S&P e-mini is unchanged. Oil prices are down 0.2% with WTI just under $80 at $79.95/bbl. Copper is up 0.1% and iron ore is around $112.00/t.
  • RBA Deputy Governor Bullock speaks at 1740 AEST on “Climate change and central banks”. Later the Fed’s Barr speaks about banking services and there are US June house prices, July JOLTS job openings and August consumer confidence & Dallas Fed services. Tomorrow Australia’s July CPI prints.

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