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CAFX Market Update 21/02/2022

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

Japan – PMI

Thailand – GDP (0.7% YoY expected)

Hong Kong – Unemployment rate (4.1% expected)


Macro Report

Tensions remain high with Russia and Ukraine with western media alleging Russia is ready to invade at any moment with 190k troops at the border. The military exercises in Belarus that were meant to conclude 20th of February however, have been extended whilst it has been estimated by NATO that there are 30k soldiers situated there. However, French President Macron was in discussion with Russian President Putin to work on a diplomatic solution to the crisis.

The ECB has also been turning a tide with members looking to clamp down on inflation and look towards raising rates as well as end QE.

Similar theme out of the US, however, FED members were looking at progressive hikes of 25bp overtime rather than 50bp in March to get the ball rolling.

Risk-off was generally the theme heading into the weekend with the USD index finding a bid into the close.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7171 -0.08
AUD/JPY 82.45 -0.12
AUD/CNH 4.5324 -0.16
DXY 96.0430 0.25
Rates Yield (%) Change (%)
US 10 Year 1.929 -0.03
Aus 10 year 2.205 -0.06
Equities Level Change (%)
S&P 500 4349 -0.72
NASDAQ 14010 -1.14
ASX 200 7222 -1.02
Commodities Level Change (%)
Iron Ore 119.06 -3.64
Gold 1898.43 0.00
Brent Crude oil 93.54 0.61