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CAFX Market Update 5/04/2022

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

Australia – Cash rate (0.10% expected)

Singapore – Retail Sales (5.6% YoY expected)

South Korea – CPI (4.1% YoY)


Macro Report

With headlines in Ukraine suggesting that civilians were potentially executed, this has less to call from EU members, mainly French President Macron calling for further sanctions against Russia. This would be done via the banning of Russian oil and coal.

Western countries such as the UK and US echoed these comments with the President Biden calling for a potential war crimes trial. This negative sentiment sent rates lower overnight with oil prices surfacing above $100/barrel once again.

However, this was not able to dampen the equity markets which has rallied again (NASDAQ up 2%), particularly Twitter (up 27%) as Elon Musk bought close to 10% share of the company. The rest of the equities followed the march higher to be a sea of green.

USD found a bid tone again however the commodity currencies have proven to remain strong as we saw a rally in AUD and NZD respectively. With the focus today being on the RBA rate decision, the market is looking for a hawkish tone from the Governor to support the currency further.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7546 0.03
AUD/JPY 92.609 -0.01
AUD/CNH 4.8087 0.01
DXY 99.0000 0.37
Rates Yield (%) Change (%)
US 10 Year 2.395 0.01
Aus 10 year 2.84 -0.05
Equities Level Change (%)
S&P 500 4583 0.81
NASDAQ 15160 2.01
ASX 200 7514 0.27
Commodities Level Change (%)
Iron Ore 142.49 0.18
Gold 1933.08 0.02
Brent Crude oil 107.53 3.01