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22/09/2021 Wednesday


  • JPY Monetary Policy Statement
  • JPY BOJ Policy Rate

AUSDUSD Day’s Range: 0.72832 – 0.72218

The RBA meeting minutes yesterday highlighted that the board will maintain highly supportive monetary conditions to achieve a return to full employment. The outbreak of delta variant brings uncertainty about the future, it has delayed but not derailed the recovery and the economy was expected to bounce back as vaccination level increases and lockdown eases. RBA indicates that the condition for a rate hike  – actual inflation within the 2 to 3 percent target range – will not be met until 2024.


We have a lot of data coming up tomorrow, the FOMC meeting will determine the direction of the U.S. monetary policy and investors expect the Federal Reserve to clear the path to asset tarping. The Flash Manufacturing and Service PMIs will indicate the health of the economy.


The ECB policymakers acknowledge the recent increase in inflation as temporary but a growing number may indicate the risk that price growth may exceed their projection. The ECB Vice President Luis de Guindos maintained ECB’s central view but warned the banks that the temporary price rise could be more permanent. The shortage of materials and labor has dragged down single-family homebuilding in the U.S., suggesting the housing market could remain a drag on economic growth for the third quarter. Single-family starts dropped 2.8% last month.

If you want to discuss how a jow these events can affect your business, please get in contact with your account manager or email us at sales@cafx.com

AUDSUD Daily Chart:

Major moves in the market:


  • The S&P 500 dropped 0.08%, closed at 4354.19
  • The Nasdaq Composite rose 0.22%, closed at 14746.40
  • Australia’s S&P/ASX 200 rose 0.35%, closed at 7273.80


  • The Bloomberg Dollar Spot Index was little changed
  • The euro was little changed at $1.1725
  • The British pound was little changed at $1.3660
  • The Japanese yen rose 0.2% to 109.21 per dollar


  • The yield on 10-year Treasuries advanced one basis point to 1.32%
  • Germany’s 10-year yield was little changed at -0.32%
  • Britain’s 10-year yield advanced one basis point to 0.81%


  • Brent crude oil was at USD/Bbl 70.76
  • Gold was at USD/OZ 1774.57
  • Iron ore was at USD/T 119.01