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AUD: Slight Gain In AUDUSD After Friday’s Losses

AUD
RegionGlobalBulletAPACForeign Exchange BulletsAustraliaMarkets

AUDUSD has held onto most of Friday’s 1.4% losses rising only 0.1% to 0.6592 during today’s APAC session. With equities selling off and commodities mixed, the move higher may be driven by market participants taking advantage of the low level following Friday’s move. The USD index is flat. 

  • After outperforming at the end of last week, yen is underperforming today leaving AUDJPY up 0.5% to 100.95, close to the intraday high.
  • AUDNZD is little changed up 0.1% to 1.1045. AUDEUR is 0.1% higher at 0.6147 and AUDGBP +0.1% to 0.5102.
  • Equities are weaker with the ASX down 0.4% and Hang Seng -1.8% but the S&P e-mini is 0.2% higher. Oil prices are lower with WTI -0.3% to $70.16/bbl. Copper is up 0.4% though, while iron ore is down slightly at around $100-101/t.
  • There are no data in the US or Europe with Veterans/Remembrance Day observed in a number of countries. ECB’s McCaul speaks later.
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AUDUSD has held onto most of Friday’s 1.4% losses rising only 0.1% to 0.6592 during today’s APAC session. With equities selling off and commodities mixed, the move higher may be driven by market participants taking advantage of the low level following Friday’s move. The USD index is flat. 

  • After outperforming at the end of last week, yen is underperforming today leaving AUDJPY up 0.5% to 100.95, close to the intraday high.
  • AUDNZD is little changed up 0.1% to 1.1045. AUDEUR is 0.1% higher at 0.6147 and AUDGBP +0.1% to 0.5102.
  • Equities are weaker with the ASX down 0.4% and Hang Seng -1.8% but the S&P e-mini is 0.2% higher. Oil prices are lower with WTI -0.3% to $70.16/bbl. Copper is up 0.4% though, while iron ore is down slightly at around $100-101/t.
  • There are no data in the US or Europe with Veterans/Remembrance Day observed in a number of countries. ECB’s McCaul speaks later.