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CAFX Market Update 1/04/2022

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

South Korea – Trade balance

Indonesia– CPI (2.55% YoY expected)

New Zealand – ANZ Consumer Confidence (-4.7% MoM)

US – Unemployment rate (3.7% expected)


Macro Report

The evening session was mostly focused on the commodity space overnight. Russia has changed the terms existing gas contracts in how they are to be paid which will affect European nations. Certain countries would now be required to make payments in RUB otherwise their supply will be cut.

Meanwhile the US is set to release an additional 1 million barrels per day to ease the cost of oil. This has ultimately led to oil trading much lower and closer to $100/barrel overnight. The ease in commodity prices was purely isolated to oil and metals remain at elevated levels.

Yields across the market experienced a reversion once more and all tracking higher last night and equities have sold off in kind off the back of those moves. Currency markets remained fairly muted though and traded within a narrow band as we have crossed over quarter end markets.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7485 0.04
AUD/JPY 91.096 0.02
AUD/CNH 4.7564 0.01
DXY 98.3580 0.58
Rates Yield (%) Change (%)
US 10 Year 2.338 -0.01
Aus 10 year 2.88 -0.02
Equities Level Change (%)
S&P 500 4530 -1.57
NASDAQ 14838 -1.55
ASX 200 7500 -0.20
Commodities Level Change (%)
Iron Ore 139.83 -1.91
Gold 1937.43 -0.00
Brent Crude oil 105.67 -5.18