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CAFX Market Update 21/01/2022

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

  • Today
    • JPY CPI (Forecast +0.9%)

Macro Report
The AUDUSD traded up to 0.7277 last night in combination with the momentum from stronger Australian employment data. This move was quickly reversed as the USD strengthened across all currencies pairs which provided the AUD with quite a larger overnight trading range.
Treasury yields fell during the session but remains quite elevated after the persistent rally during the week as markets remain concerned about increasing inflation and the potential for the US Federal reserve lifting interest rates more aggressively.
Equity markets continue to sell off in a very weak start to the year in line with the rally in Treasury yields. The trading strategy of ‘buying the dip’ in equities appears to be finding less confidence as investors look for other assets to place their cash.

AUD/USD Daily Chart


Major Global Markets

Currencies  Currently  
AUD/USD 0.7226  
AUD/JPY 82.48  
AUD/CNH 4.5866  
AUD/EUR 0.6390  
DXY 95.83  
US 10 Year (%) 1.8771 0.11
Aust 10 year (%) 1.985 0.04
S&P 500 4482 -1.10%
NASDAQ 14846 -1.34%
ASX 200 7342 +0.13%
Spot Iron Ore ($US/t) 129 0%
Gold futures ($US/oz) 1838.16 -0.11%
Oil Brent ($US/b) 87.23 -1.36%