AUD Strengthens as Risk Sentiment Lifts Global Markets

Welcome to our daily market update. 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

 

Forex Market 

AUD Extends Rally as Risk Sentiment Improves; USD Softens Across Sessions
Risk sentiment remained supported overnight as optimism around potential U.S.–Iran negotiations lifted equities and pushed the S&P 500 to a fresh all-time high, creating downward pressure on the USD while commodity-linked currencies, particularly the AUD, outperformed. The AUD/USD extended its rally and traded near session highs, supported by firm demand, while broader USD weakness during the New York session allowed NZD/USD to strengthen and USD/CAD to decline. Meanwhile, EUR/USD and GBP/USD gradually recovered from earlier European weakness, and USD/JPY eased slightly from highs but remained elevated.
🇺🇸 DXY softened | 🇦🇺 AUD/USD strengthened | 🇪🇺 EUR/USD edged higher | 🇬🇧 GBP/USD recovered | 🇯🇵 USD/JPY remained elevated

General Market

Wall Street

  • S&P 500: +0.8% to 7026 (record high)
  • Nasdaq: +1.6% to 24016
  • Dow Jones: -0.1% to 48464

Asia-Pacific

  • Nikkei 225: +0.4% to 58134
  • Shanghai Composite: 0.0% to 4027
  • ASX 200: +0.1% to 8979

Europe

  • DAX: +0.1% to 24067
  • FTSE 100: -0.5% to 10560
  • CAC 40: -0.6% to 8275

 

Headlines to Watch

United States
  • Fed Beige Book shows modest economic growth with mixed outlook across districts
  • Initial Jobless Claims and Industrial Production in focus
  • Fed’s Williams to provide policy signals
Europe
  • Multiple ECB policymakers speaking, including Schnabel and Lane
  • Ongoing sensitivity to geopolitical risks and energy markets
Asia-Pacific
  • Australia labour force data expected to show slower job growth (~15k)
  • China Q1 GDP expected to improve to 4.8% y/y
  • Continued divergence between strong exports and weak domestic consumption
Currency Pair Mid-market Rate
AUD/USD 0.7175
AUD/NZD 1.2133
AUD/JPY 113.95
AUD/CNY 4.8903
AUD/EUR 0.6076
AUD/GBP 0.5286
AUD/HKD 5.6194

 

 

 

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

Facebook
LinkedIn