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Market Update 11/02/2025

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

Wall Street started the week strongly, with the Nasdaq closing up 1.1%, the S&P 500 up 0.6%, and the Dow Jones up 0.3%. The U.S. 10-year Treasury yield remained stable at 4.49%, while oil prices rose 1.5% to $75.80 per barrel.

Asian stock indices also began the week with gains. The Hang Seng Index led with a 1.8% increase, the Shenzhen index rose 0.2%, and the Nikkei closed flat. Australia’s ASX 200 index fell 0.3%, dragged down by IT and communication sectors.

European stock markets opened higher and continued to rise. The CAC closed up 0.4%, the DAX gained 0.6%, and the FTSE closed up 0.8%. After the Eurozone’s February Sentix Investor Confidence Index came in stronger than expected (-12.7 vs. -16.5 expected), EUR/USD and GBP/USD reached highs of 1.0336 and 1.2420 respectively.

Currency markets saw limited movement yesterday. AUD/USD opened at a low of 0.6230 in early trading but steadily climbed to 0.6280 throughout the session. GBP/USD slid to new lows below 1.2370 in late trading.

Mid-market rates.

Currency Pair Mid-market Rate
AUD/USD 0.6275
AUD/NZD 1.1127
AUD/JPY 95.37
AUD/CNY 4.5843
AUD/EUR 0.6089
AUD/GBP 0.5073
AUD/HKD 4.8869

 

Chart of the day

Disclaimer:

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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