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AUD: A$ Continues To Receive Support From Equity Rally

AUD
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AUDUSD is off its intraday low of 0.6379 helped by stronger HK/China equities during a session that has had little new information so far. The pair is currently slightly higher on the day at 0.6385, close to today’s high. The USD index is up 0.1%.

  • Aussie continues to trend lower against the kiwi with AUDNZD down 0.1% to 1.0958, close to the intraday low, and trading through the session below 1.1000.
  • AUDJPY is up 0.2% to 95.47 as the risk-averse yen softens. AUDEUR is 0.1% higher at 0.5852, close to the high, and AUDGBP +0.1% to 0.4918.
  • RBA Assistant Governor (Economic) Hunter spoke at the AFR banking summit about monetary policy’s data dependence and said that US policy was the key uncertainty at the February meeting. She didn’t add any comments about the rate outlook.
  • Equities are generally stronger with the ASX up 0.3% and Hang Seng +2.1%, while the S&P e-mini is down 0.2%. Oil prices are only slightly higher with WTI +0.1% to $67.62/bbl. Copper is up 0.4% and iron ore around $102.50/t.
  • Later US February housing data, IP/capacity and trade prices print. Euro area January trade, March ZEW survey and Canadian February CPI are also released.
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AUDUSD is off its intraday low of 0.6379 helped by stronger HK/China equities during a session that has had little new information so far. The pair is currently slightly higher on the day at 0.6385, close to today’s high. The USD index is up 0.1%.

  • Aussie continues to trend lower against the kiwi with AUDNZD down 0.1% to 1.0958, close to the intraday low, and trading through the session below 1.1000.
  • AUDJPY is up 0.2% to 95.47 as the risk-averse yen softens. AUDEUR is 0.1% higher at 0.5852, close to the high, and AUDGBP +0.1% to 0.4918.
  • RBA Assistant Governor (Economic) Hunter spoke at the AFR banking summit about monetary policy’s data dependence and said that US policy was the key uncertainty at the February meeting. She didn’t add any comments about the rate outlook.
  • Equities are generally stronger with the ASX up 0.3% and Hang Seng +2.1%, while the S&P e-mini is down 0.2%. Oil prices are only slightly higher with WTI +0.1% to $67.62/bbl. Copper is up 0.4% and iron ore around $102.50/t.
  • Later US February housing data, IP/capacity and trade prices print. Euro area January trade, March ZEW survey and Canadian February CPI are also released.