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CAFX Market Update 15/03/2022

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

Australia – RBA Meeting Minutes

China – Industrial Production (3.9% YoY expected)

Eurozone – Industrial Production & ZEW Economic Sentiment

United States – PPI & NY Empire State Manufacturing


Macro Report

Major currencies were mixed against the US dollar in European and US trade. The Aussie dollar fell from highs near US72.59 cents to lows of US71.90 cents and was near US71.95 cents at the US close. The Euro rose from lows near US$1.0908 to highs near US$1.0991 and was near S$1.0945 at the US close.

Benchmark U.S. 10-year yields rose to 2.1419%, the highest since July 2019, ahead of what is expected to be the US Federal Reserve’s first rate hike in three years on Wednesday to try to tame soaring inflation. US 2-year yields lifted by 11 points to near 1.86%, the highest since August


Stock markets were mixed, with European stock closing higher and US lower. The pan-European STOXX 600 index lifted by 1.2%, buoyed by further talks between Russian and Ukrainian negotiators. The Nasdaq 100 closed in a bear market for the first time since March 2020 as the tech-heavy gauge extended its slide from a record to more than 20% amid higher bond rates and a looming increasing interest rate cycle from the US Fed.

Oil prices briefly tumbled below $100 a barrel after a recent surge as negotiations between Ukraine and Russia appeared to grow more substantive, which could boost global supplies. While a pandemic-linked travel ban in China cast doubt on the demand outlook.

Ahead, in Australia, consumer confidence and property prices data are released. The RBA issues its March 1 Board meeting minutes. Chinese retail sales, production and investment data are due. US producer prices and Empire State manufacturing data are scheduled.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.719 0.03
AUD/JPY 84.969 0.02
AUD/CNH 4.5976 0.02
DXY 99.0810 -0.04
Rates Yield (%) Change (%)
US 10 Year 2.133 0.14
Aus 10 year 2.508 0.06
Equities Level Change (%)
S&P 500 4173 -0.74
NASDAQ 13047 -1.92
ASX 200 7149 1.21
Commodities Level Change (%)
Iron Ore 140.3 -0.86
Gold 1950.99 0.01
Brent Crude oil 106.1 -5.91