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CAFX Market Update 13/2/2023

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


The Australian Dollar ended Friday’s session with losses of 0.27%, ahead of a busy week of economic data being released.

A mixed market sentiment supported the Dollar with the S&P 500 and the Dow Jones registering gains of 0.22% and 0.50%. Contrarily, the Nasdaq 100 dived 0.61%

On the US front University of Michigan’s Consumer Sentiment, exceeded expectations and reached 66.4, showing an improvement in financial conditions.

Bank of Japan new Governor announced by the Japan prime minister last Friday, Kazuo Ueda will take the helm of the BOJ starting in April, an unexpected candidate that sparked a jump in the JPY.

Looking ahead we have a busy week to look out for with the US releasing a few sets of economic data, including CPI, retail sales, PPI and New York manufacturing index.