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CAFX Market Update 16/02/2022

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

Risk negative sentiment took a U-turn last night when it was announced that some Russian troops will be returning to their base after the military exercises were complete. President Putin noted that Russia wanted to avoid war in Europe and seek diplomatic solutions to the issues however, there has yet to be a proper response to their security proposals.

This was enough for the markets to sell safe haven currencies such as the JPY in a flight to riskier currencies such as the AUD which rallied up to 0.7157 at the peak. Furthermore, stock indexes were back higher putting a stop to the recent sell off. This charge was led by the NASDAQ that has rallied back 2.5% overnight.

Rate markets all sold off (higher yield) as well off the positive sentiment, with the market having mostly digested the high inflation in the US and what the Fed may or may not have to do to adjust their policy settings. Focus still remains heavily skewed towards the situation with Russia and the Ukraine.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7152 0.35
AUD/JPY 82.698 0.43
AUD/CNH 4.5329 0.03
DXY 96.0010 -0.39
Rates Yield (%) Change (%)
US 10 Year 2.045 0.06
Aus 10 year 2.265 0.07
Equities Level Change (%)
S&P 500 4471 1.58
NASDAQ 14621 2.47
ASX 200 7207 -0.51
Commodities Level Change (%)
Iron Ore 135.87 -0.88
Gold 1853.25 -0.96
Brent Crude oil 93.15 -3.45