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USD: Mixed After Data-Driven Moves
The USD experienced two-way trade overnight. AUD/USD rose to a high of 0.6554 following softer-than-expected US JOLTS data, trading in a 0.6503–0.6554 range. NZD/USD reached 0.5883, while USD/JPY dropped to 147.88. EUR/USD and GBP/USD climbed to 1.1680 and 1.3458 respectively.
AUD: Resilient Following Local Data
Australian GDP beat estimates at +1.8% y/y, supporting the local unit. AUD/USD rebounded from 0.6503 lows and remains underpinned above 0.6500. Resistance remains near 0.6575.
Key Economic Data Ahead (Sydney Time)
General Market
Wall Street
US equities closed mixed: Nasdaq +1%, S&P 500 +0.5%, Dow flat. Treasuries rallied with the US 10Y yield falling 4bps to 4.22%, and Brent Crude slipped 2.3% to $67.50/bbl.
Asia-Pacific
Weakness across the board: Nikkei -0.9%, Shenzhen -0.7%, Hang Seng -0.6%, ASX 200 -1.8%. Technology and Financials led losses in Australia, shedding -3.9% and -2.8%.
Europe
Markets rebounded modestly: CAC +0.9%, Stoxx +0.8%, DAX +0.5%, FTSE +0.3%. EUR/USD and GBP/USD moved higher alongside equities, with crude oil stabilizing near $68.80.
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