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A$ Steady Versus USD, Stronger Against Yen & Kiwi

AUD

AUDUSD broke through 63c earlier in the APAC session but rebounded soon after but hasn’t returned to highs seen before the drop. AUDUSD fell to 0.6287 and has recovered to around 0.6302 to be flat on the day. It reached a high of 0.6315 earlier. The greenback, USD index +0.2%, and US yields have risen further.

  • AUDNZD is 0.4% higher at 1.0710. The on hold RBNZ resulted in a surge in the pair from a low of 1.0657. AUDJPY is up 0.2% to 94.10 after an intraday low 93.79. AUDEUR is up slightly to 0.6024 and AUDGBP to 0.5222.
  • Equity markets are selling off with the ASX down 0.7%, the Hang Seng -1% and the Nikkei -1.9%. S&P e-minis are also lower at -0.3%. Oil prices are flat but off the session’s high. Brent is currently around $90.91/bbl. Copper is down 0.7% and iron ore is lower again at around $118/t.
  • Later the Fed’s Bowman and Goolsbee speak. There is also a swathe of US data including ADP September employment, September services PMI/ISM and final August durable goods orders. Euro area services PMIs, August retail sales and PPI also print. The ECB’s Lagarde, de Guindos and Panetta appear.
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