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CAFX Market Update 11/02/2022

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

Malaysia – GDP (+3.3% YoY Expected)


Macro Report

Overnight US CPI outperformed printing 7.5% YoY vs 7.2% expected which really set up the theme for the rest of the trading session. Rates markets continued to price in more hikes with now 1% of hikes priced in by July. Off the back of this, equity markets took at dive led by the tech heavy NASDAQ. The strong USD flame was further stoked by Federal Reserve member Bullard supportive of the 1% rate hikes by July whilst looking for a 0.5% hike in the March meeting alone.

Currencies experienced large trading ranges as the initial USD Bid halted only for the market to shift into Risk On mode which saw AUDUSD trade from 0.7150s also the way to 0.7250s only for the market to trade back to 0.7160.

Interest rate strips across the globe are all much higher now and all eyes will be on the AUD as to whether it can sustain the current level or whether the RBA will once again try to pour cold water on this hot market.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7169 0.03
AUD/JPY 83.151 0.01
AUD/CNH 4.5608 -0.02
DXY 95.6920 0.21
Rates Yield (%) Change (%)
US 10 Year 2.029 0.09
Aus 10 year 2.225 0.11
Equities Level Change (%)
S&P 500 4504 -1.81
NASDAQ 14706 -2.33
ASX 200 7288 0.28
Commodities Level Change (%)
Iron Ore 137.5 1.44
Gold 1826.89 0.00
Brent Crude oil 91.41 -0.14