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CAFX Market Update 22/02/2022

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 – Credit Card Spending

South Korea – Consumer Confidence

Hong Kong – CPI Composite (1.6% expected)


Macro Report

Markets remained somewhat unsettled overnight with geo-political risk remaining elevated, also lacking was a genuine lead from US markets which were closed for Presidents Day.

A driver in risk-off sentient, driving both European and US equity futures lower, and oil higher, was Russian President Vladimir Putin recognition of two breakaway regions in eastern Ukraine as independent entities on Monday.

News reports state that President Biden plans to impose new sanctions on trade and financing in the two pro-Moscow territories.

Earlier in the day, during Asian hours, The French President said the leaders of Russia and the US had agreed to meet but the Kremlin said there were no immediate plans for a meeting.

Major currencies were mixed against the US dollar in European and US trade. The Aussie dollar broadly held between US71.85 cents and US72.20 cents and was near US71.95 cents at the North American close.  The Euro fell from highs near US$1.1382 to lows near US$1.1305 and was near US$1.1315 at the North American close.

Global oil prices were firmer on Monday in response to the ongoing stand-off between Ukraine and Russia. Reports suggest the US and Iran are close to reviving a 2015 nuclear deal that could see Iran lift oil exports. The Brent crude price rose by US$1.85 or 2.0% to US$95.39 a barrel.

In European data the Markit Eurozone composite PMI rose from 52.3 to 55.8 in February (survey: 52.9). The Markit/CIPS UK composite PMI rose from 54.2 to 60.2 in February (survey: 55.3).

Ahead, In Australia, the monthly household spending indicator is released with weekly consumer confidence. In the US, consumer confidence is released with Markit purchasing managers indexes, house prices and the Richmond Federal Reserve survey.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7189 -0.01
AUD/JPY 82.482 -0.01
AUD/CNH 4.5475 -0.01
DXY 96.1220 0.08
Rates Yield (%) Change (%)
US 10 Year 1.929 0.00
Aus 10 year 2.17 -0.06
Equities Level Change (%)
S&P 500 4349 -0.72
NASDAQ 14010 -1.14
ASX 200 7234 0.16
Commodities Level Change (%)
Iron Ore 120.04 0.82
Gold 1906.28 -0.00
Brent Crude oil 97.01 3.71