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CAFX Market Update 9/12/2022

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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 CPI (MoM) (Nov)
CPI (YoY) (Nov)
PPI (YoY) (Nov)
United States Core PPI (MoM) (Nov)
PPI (MoM) (Nov)
Michigan Consumer Expectations (Dec)
Michigan Consumer Sentiment (Dec)

Macro Report

The Aussie dollar consolidated on better-than-expected local data and a soft US dollar. The AUD/USD is trading at 0.6772 at the time of writing, up 0.48% following the release of Australia’s trade balance which revealed a surplus of A$12.217 billion in October, a fall from previous A$12.444 billion but larger than the projected A$12.1 billion.

Looking ahead, narkets await the release of the all-important US PPI data, likely to bring volatility to the markets. Prior to, in today’s Asian session, key releases for China, including its CPI and PPI data, will also be highly anticipated by traders.

AUD/USD Daily Chart

DXY (USD INDEX) Daily Chart

Major Global Markets 

Currencies Level Change (%)
AUD/USD 0.6774 -0.07
AUD/JPY 92.5310  0.00
AUD/CNH 4.7107  0.67
DXY 104.7740 -0.31
Rates Yield (%) Change
US 10 Yr 3.48  2.38
Aus 10 Yr 3.35 -0.24
Equities Level Change (%)
S&P 500 3,933.92 -0.19
NASDAQ 10,958.55 -0.51
ASX 200 7,186.00 -0.60
Commodities Level Change (%)
Iron Ore 107.50 -1.83
Gold 1,801.50  0.19
Brent Crude oil 76.51 -0.86