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AUDUSD Holding Above 0.6800, Little Domestic Data This Week

AUD

AUD was one of the better performers in the G10 against the USD. It finished higher during NY’s Friday session at 0.6813 and spent most of Monday above 0.6800 with a low of 0.6793. It is now trading at around 0.6805, just below the intraday high of 0.6825.

  • AUDNZD reached a low of 1.0682 on Friday but has been moving up since then and is trading at 1.0755 after a high of 1.0792. AUDJPY traded lower over Friday and yesterday and is now around 88.95. AUD is up 0.2% on Friday’s close against the euro and 0.3% versus the pound at 0.6378 and 0.565 respectively.
  • US and UK equity markets were lower on Friday and closed yesterday. European markets were decisively stronger during Monday’s trading with the Eurostoxx up 1.7% and the DAX up 1.1%. Base metals were generally lower on Friday with the LME index down 0.6%. WTI oil prices rose on Friday to $80.51/bbl. Iron ore was also higher on Friday and is now just over $117.
  • The final of the Judobank Australia Manufacturing PMI for December is published this morning. The rest of the week is quiet on the data and event front. December CoreLogic house prices fell a further 1.2% m/m.

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