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CAFX Market Update 20/04/2022

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

Japan – Trade Balance


Macro Report

USDJPY was the major mover overnight as diverging monetary policy between the US and Japan continue to drive the currency pair higher overnight. The mood was very much Risk on overnight as rates surged higher across the board after the FED continued to set a hawkish tone.

Despite the higher rates, the equities market was enjoying the euphoria as well seeing a strong rally across the board except for the China Index which is suffering from economic slowdowns due to the lockdowns due to lockdowns.

Commodities remain stable although oil took at 5% hit despite Russia’s attempted advance into the Donbas region in the Ukraine potentially causing more market volatility. The IMF also revised 2022 global growth forecasts 0.80% lower to 3.6% with great concern over persistent inflation risks. Again, none of this negativity was enough to dampen the markets spirits.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7389 0.19
AUD/JPY 95.531 0.49
AUD/CNH 4.7421 0.18
DXY 100.9610 0.18
Rates Yield (%) Change (%)
US 10 Year 2.936 0.08
Aus 10 year 3.155 0.04
Equities Level Change (%)
S&P 500 4462 1.61
NASDAQ 14210 2.15
ASX 200 7565 0.56
Commodities Level Change (%)
Iron Ore 143.23 1.14
Gold 1949.3 -0.06
Brent Crude oil 107.25 -5.22