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CAFX Market Update 14/02/2022

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 – Food Prices (MoM)

New Zealand – Performance Services Index


Macro Report

The risk on theme carried on early during European trading with AUDUSD trading up to 0.7175 and USD showing weakness across the board. This all grinded to a halt and reversed quite heavily when headlines from the U.S National Security Advisor Jake Sullivan stated Russia could invade Ukraine as early as next week. Furthermore, President Joe Biden stated that the US would act “swiftly and decisively” if Russia was to invade Ukraine. This consequently made the market very nervous into the weekend.

Equity markets took a dive with the NASDAQ down 3% alone and rates across the globe all went lower. The CHF and JPY were all bid as the search for safe haven currencies progressed throughout the North American trading session.

With tensions continuing to escalate, oil prices continued their grind higher with Crude now trading up above $93 per barrel and at one stage close to $95 per barrel.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7132 -0.07
AUD/JPY 82.23 -0.17
AUD/CNH 4.5405 -0.04
DXY 96.0820 0.55
Rates Yield (%) Change (%)
US 10 Year 1.937 -0.09
Aus 10 year 2.115 -0.11
Equities Level Change (%)
S&P 500 4419 -1.90
NASDAQ 14254 -3.07
ASX 200 7217 -0.98
Commodities Level Change (%)
Iron Ore 137.07 4.61
Gold 1858.76 1.75
Brent Crude oil 94.44 3.31