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AUD: A$ Finds Support From Commodities & Equities, But Little Changed Today

AUD
RegionGlobalBulletAPACForeign Exchange BulletsAustraliaMarkets

After falling to a low of 0.6743, AUDUSD has rebounded to 0.6751 to be little changed on the day. It found support from stronger commodities and regional equities, especially HK, to recover. With China still closed, no data or events in Australia today and key US events this week, Aussie moves have been limited. The USD index is slightly lower. 

  • AUDJPY is unchanged at 94.94 after a high of 95.31 followed by a low of 94.71. AUDNZD is off its intraday peak of 1.0910 to be up 0.1% at 1.0902. AUDEUR is 0.1% higher at 0.6069 and AUDGBP +0.1% to 0.5113.
  • Equities are generally higher with the ASX up 0.3% and Hang Seng +1.2% but the S&P e-minis down 0.1%. Oil prices are higher with WTI +0.7% to $70.58. Copper is up 0.4% and iron ore is around $92.50/t.
  • Later the Fed’s Logan gives opening remarks but is unlikely to speak on policy this close to an FOMC meeting. US August retail sales, IP and September NY Fed services print as well as August Canadian CPI. The ECB’s Buch, McCaul and Elderson appear.  
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After falling to a low of 0.6743, AUDUSD has rebounded to 0.6751 to be little changed on the day. It found support from stronger commodities and regional equities, especially HK, to recover. With China still closed, no data or events in Australia today and key US events this week, Aussie moves have been limited. The USD index is slightly lower. 

  • AUDJPY is unchanged at 94.94 after a high of 95.31 followed by a low of 94.71. AUDNZD is off its intraday peak of 1.0910 to be up 0.1% at 1.0902. AUDEUR is 0.1% higher at 0.6069 and AUDGBP +0.1% to 0.5113.
  • Equities are generally higher with the ASX up 0.3% and Hang Seng +1.2% but the S&P e-minis down 0.1%. Oil prices are higher with WTI +0.7% to $70.58. Copper is up 0.4% and iron ore is around $92.50/t.
  • Later the Fed’s Logan gives opening remarks but is unlikely to speak on policy this close to an FOMC meeting. US August retail sales, IP and September NY Fed services print as well as August Canadian CPI. The ECB’s Buch, McCaul and Elderson appear.