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Aussie Generally Stronger But AUDNZD Heading Towards 1.10 Again

AUD

Aussie is generally outperforming in a quiet session that is seeing US dollar weakness (BBDXY USD index is down 0.1%) supported by the relatively hawkish Australian central bank outlook. AUDUSD has been trending higher over the session and is up 0.2% to 0.6682, close to the high of 0.6687.

  • In contrast to other crosses, AUDNZD is down 0.1% and the pair is heading towards 1.10 again. It is currently at 1.1011 after a low of 1.1005. NZDUSD is up 0.2% to 0.6068 today.
  • AUDJPY is off the intraday high of 98.93 to be up 0.1% to 98.57 today. USDJPY is down 0.1% to around 147.50. AUDEUR is 0.1% higher at 0.6057 and AUDGBP +0.1% to 0.5159.
  • Equities are mixed with the Hang Seng up 1.3% and CSI 300+0.9%, but the ASX is down 0.1% and KOSPI -0.3%. The S&P e-mini is 0.2% higher. Oil prices are little changed with Brent at around $79.72/bbl. Copper is up 0.7% and iron ore is slightly higher at around $94/t.
  • Later the Fed’s Waller speaks and US July leading index prints.

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