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CAFX Market Update 02/02/2022

Welcome to our daily market update where we help keep you informed on the latest happenings in the world of FX and show you what this means for the Mighty Aussie Dollar.

If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com


Key Data Being Released Today

New Zealand: Unemployment Rate (4Q 3.3% expected)


Macro Report

After an initial sell-off following the RBA’s resistance to embrace the idea that hikes may be required earlier than their own forecasts, AUDUSD has continue to rally back from last weeks slump on the back of USD strength. This morning we will have the RBA Governor Lowe speaking which may add some volatility to market. The market would be looking for any shift in tone and an excuse to keep the hikes priced into the yield curve and add further bets the RBA will have to hike sooner than expected.

However, as equities are trading in a range from negative to positive overnight, the risk tone has improved and USD continues to sell off against its peers. The Russian and Ukrainian conflict hasn’t helped risk sentiment as the Russian president alluded to the conflict being manufactured by the US to hinder Russia’s development whilst their own concerns are being ignored.

AUD/USD Daily Chart







Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7127 0.85
AUD/JPY 81.753 0.46
AUD/CNH 4.54 0.81
DXY 96.2870 -0.26
Rates Yield (%) Change (%)
US 10 Year 1.796 0.02
Aus 10 year 1.96 0.04
Equities Level Change (%)
S&P 500 4547 0.70
NASDAQ 15020 0.60
ASX 200 7006 0.49
Commodities Level Change (%)
Iron Ore 127.33 -0.69
Gold 1801.56 0.24
Brent Crude oil 89.41 1.31