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A$ Trading Sideways But Down Against Yen

AUD

AUDUSD has been trading in a tight range and is close to its NY close. It reached a low of 0.6585 following a high of 0.6595 and is now around 0.6587. The USD index is also flat after being down earlier in the session.

  • Aussie is moving sideways against other major currencies too but down 0.2% against the yen. AUDJPY is around 90.30 after reaching a low of 90.15. AUDNZD is at 1.0787, AUDEUR 0.6247 and AUDGBP 0.5562.
  • Equity markets are mixed across the region with the Nikkei up 0.6% but the Kospi down 0.2% and the ASX flat. S&P e-mini is down 0.1%. Oil prices are 0.2% lower and WTI is around $76.55/bbl. Copper prices are 0.2% higher and iron ore is about $126/t.
  • China’s CPI for February is coming up. Later today the Fed’s Barr speaks on crypto. The main focus over the rest of the week is US payrolls on Friday.

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