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A$ Stronger On Positive Risk Appetite

AUD

AUD is stronger today against the USD and other major currencies, except yen. AUDUSD is around 0.6738 up 0.5% on the NY close and close to the intraday high, as the USD is slightly softer and equity market sentiment is positive.

  • AUD is trading sideways versus the yen at around 88.83. It is up 0.3% against NZD to around 1.069 and up around 0.2% versus the euro and GBP.
  • Equity markets are stronger with the ASX up again by 0.7%, Hang Seng +2.4% and CSI 300 +1.1%. S&P e-minis are also higher up 0.3%. Commodities are rallying on the better risk sentiment with copper prices up 0.8% and WTI crude 0.6%. Iron ore is trading around $112/t.
  • Later there are US jobless claims and the Chicago and Kansas Fed indices. The RBA’s private sector credit series for November and the government’s mid-year economic and fiscal outlook are expected on Friday.

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