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AUDUSD Firms On China/HK Equity Gains

AUD

The AUDUSD is slightly stronger intraday as the USD has lost some of its overnight gains at the margin (-0.2%) on light news and no escalation of protests in China. AUDUSD has been in a tight range but is currently around 0.667 off of the 0.6641 intraday low.

  • AUDJPY is slightly higher on the NY close at 92.50 after an intraday low of 92.19. AUDNZD is a bit softer around 1.0777 while AUDEUR is trading sideways.
  • Equity markets are mixed across the region but there seems to be some improvement in risk appetite. The ASX is up 0.1% but the Hang Seng has rebounded 1.8% and the CSI 300 1.2%. US e-minis are also up 0.1%. After Brent and WTI diverged overnight WTI has gained 0.2% and Brent has 0.4% but both are in very tight ranges. Iron ore is slightly lower than the intraday high but remains above $100/tonne.
  • There is very little overnight except for the preliminary November German CPI and US November consumer confidence. But tomorrow Australian October CPI prints and is expected to rise slightly. The focus of the week will be Friday’s US payrolls.
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