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Market Update 30/12/2024

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 closed the week on a weaker note, with the Nasdaq down 1.5%, the S&P 500 falling 1.1%, and the Dow Jones declining 0.8%. U.S. 10-year Treasury yields rose 5 basis points to 4.63%, while crude oil increased 1% to $70.30 per barrel. AUD/USD traded in a narrow range of 0.6201/0.6226 before closing near 0.6215.

 

• Asian equities ended the week with mixed performance. The Nikkei rose 1.8%, the Hang Seng remained flat, and the Shenzhen index fell 0.2%. Following the post-holiday session, the ASX 200 finished 0.5% higher, driven primarily by gains in consumer discretionary and financial sectors.

 

• European markets fared slightly better at the close. The CAC 40 ended the day up 1%, the DAX gained 0.7%, and the FTSE 100 closed 0.2% higher.
Upcoming Events to Monitor

• CH – Dec. Manufacturing PMI

• CH – Dec. Non-Manufacturing PMI

• US – Oct. FHFA House Price Index MoM

• US – Dec. MNI Chicago PMI

 

Mid-market rates.

Currency Pair Mid-market Rate
AUD/USD 0.6216
AUD/NZD 1.1037
AUD/JPY 98.08
AUD/CNY 4.5410
AUD/EUR 0.5963
AUD/GBP 0.4945
AUD/HKD 4.8250

 

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.
Corporate Alliance Group Pty Ltd T/A Corporate Alliance FX (CAFX) (ABN 58 167 119 226, AFSL 523351) (i.e. CAFX), CAFX independently holds the Australian Financial Services licence no. 523351 (AFSL), so CAFX is regulated by the Australian Securities and Investment Commission (ASIC) and, and although ASIC is a strictly regulatory body, it does not endorse a specific financial product. ASIC’s regulation of CAFX applies to all services under the financial licence held by CAFX, including the issuance of foreign exchange settlement, foreign exchange payments, foreign exchange risk control, hedging, market making and providing financial advice.3

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