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Market Update 09/01/2025

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

• Asian stock markets closed mixed, with the Nikkei down 0.2%, Hang Seng down 0.9%, and Australia’s ASX 200 up 0.8%. Australia’s annual CPI grew 2.3% year-on-year (expected 2.2%), causing AUD/USD to briefly rise to 0.62415 before quickly retreating.

• U.S. stocks were steady yesterday, with the Dow Jones flat, S&P 500 down 0.1%, and Nasdaq up 0.1%. Brent crude oil initially rose 1.0% to $77.50/barrel, then gave back some gains, falling 1.4% to $73.25/barrel. The U.S. 10-year Treasury yield rose 1 basis point to 4.69%. U.S. ADP employment change was 122,000, below the expected 139,000. Initial jobless claims were 201,000, lower than the estimated 215,000. FOMC minutes were released but provided little new information. Wall Street remained stable, with the dollar slightly softer against other G10 currencies.

• European stock markets opened higher but mostly closed lower, with the CAC index and Stoxx index down 0.5% and 0.3% respectively. Due to disappointing German factory orders in November (month-on-month -5.4%, expected -0.2%), EUR/USD and GBP/USD fell from highs of 1.0357 and 1.2493, later rebounding with EUR/USD back above 1.0300 and GBP/USD above 1.2350. The Eurozone’s final consumer confidence index for December held steady at -14.5, with services confidence slightly improving and economic and industrial confidence slightly declining.

Mid-market rates.

Currency Pair Mid-market Rate
AUD/USD 0.6216
AUD/NZD 1.1084
AUD/JPY 98.39
AUD/CNY 4.5705
AUD/EUR 0.6024
AUD/GBP 0.5028
AUD/HKD 4.8437

 

Chart of the day

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The market update provided by Corporate Alliance FX (CAFX) is for reference only and does not constitute a bid, levy, offer or invitation to offer for the financial product, the basis for any contract or commitment, a recommendation for the purchase or sale of any investment instruments, financial, legal, tax, investment advice, investment advice or other opinions. It will not be legally liable for any consequences or losses caused by the information or content involved.
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