A$ Weaker, Finds Support Against Kiwi

Aussie is generally weaker during the APAC session today with Australian and US equities weaker but has found a trough as HK/China equities are slightly lower. AUDUSD is down 0.1% to 0.6538, close to the intraday low of 0.6531, while the USD is steady.

• Aussie is stronger against the kiwi though breaking above 1.06 again to be up 0.1% to 1.0609 today. The RBNZ meets tomorrow and is expected to leave rates at 5.5% but sound cautious (see RBNZ Preview).
• AUDJPY is down 0.2% to 98.37, close to the low. AUDEUR is down 0.1% to 0.6023 and AUDGBP is slightly lower at 0.5155.
• Equity markets are mixed with the ASX down 0.1% and CSI 300 and Hang Seng -0.2% and the Nikkei +0.3%. The S&P e-mini is slightly lower. Oil prices are little changed with WTI around $77.56/bbl. Copper is 0.1% higher and iron ore around $115/t.
• Later the Fed’s Barr and Schmid speak, as well as the ECB’s Elderson and BoE’s Ramsden. In terms of data, there are US preliminary durable orders for January, December house prices and February consumer confidence. Tomorrow Australian January CPI prints.