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CAFX Market Update 13/10/2022

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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

United States         – CPI (YoY) (Sep)
Initial Jobless Claims

Macro Report

Markets were mixed overnight ahead of this evenings US inflation data.

Equity markets seesawed, the S&P ending the session lower, bond yields and currencies were in holding pattern ahead of US CPI.

Meeting minutes of the recent FOMC meeting were released mid-US morning.  Members stating their determination to continue fighting inflation.  However, there was also the undertone of concern for continual rate hikes on the economy.

Also gaining attention has been the rise of COVID cases and resultant restriction in China, although still overshadowed by tonight’s big data release.

AUD/USD Daily Chart

DXY (USD INDEX) Daily Chart

Major Global Markets 

Currencies Level Change (%)
AUD/USD 0.6273 0.05
AUD/JPY 92.16 0.78
AUD/CNH 4.5017 0.16
DXY 113.326 0.03
Rates Yield (%) Change
US 10 Year 3.904 -0.047
Aus 10 year 3.982 -0.035
Equities Level Change (%)
S&P 500 3577 -0.33
NASDAQ 10417 -0.09
ASX 200 6648 0.04
Commodities Level Change (%)
Iron Ore 96.13 -0.87
Gold 1681.50 -0.35
Brent Crude oil 92.36 -1.95