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A$ Trading In A Narrow Range Off Of Friday’s Lows

AUD

AUDUSD has been range trading during the APAC session and is currently down around 0.6680, close to the intraday low, after reaching a high of 0.6693. The USD index is up 0.1%.

  • Aussie is little changed versus the major crosses. AUDNZD is stable around 1.0715. AUDJPY is 0.1% higher at 89.76. Aussie is flat against the euro and pound at 0.6223 and 0.5495 respectively.
  • Equity markets have stabilised following Tuesday’s sharp sell off. The ASX is up 0.2%, down from its intraday high, and the Nikkei is +0.2%. The S&P e-mini is trading sideways. After falling sharply this week, oil prices are around 1.1% higher with Brent around $78.30/bbl. Copper is up 0.3% and iron ore is back above $132.50/t.
  • China’s February retail sales, IP and investment data are coming up. US retail sales and PPI for February print later
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