AUD Under Pressure as USD Extends Gains, Wall St. Ends Lower

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Forex Market 

USD: Weaker as Wall St. Slips, AUD Under Pressure

The USD strengthened overnight as Wall Street closed lower, weighed by weakness across tech and energy sectors.
The Dow Jones fell -0.7%, S&P 500 lost -0.4%, and Nasdaq dipped -0.2%.
U.S. 10-year yields rose 2bps to 4.14%, while Brent Crude declined 1.8% to $65/bbl.
AUD/USD traded in a 0.6540–0.6612 range before settling near 0.6550/55 ahead of the Asian open.
  • AUD/USD initially tested highs of 0.6610 during the Asian session before a sharp sell-off into Europe pushed it down to 0.65695, tracking broad USD strength.
  • AUD/NZD traded between 1.1368–1.1429, while NZD/USD fell to 0.5735 before partial recovery to 0.5806.
  • EUR/USD and GBP/USD weakened through the European session, touching lows of 1.1542 and 1.3288 respectively.
  • USD/JPY extended gains to 153.23, staying firm above the 152 handle.
  • The USD Index (DXY) traded between 98.699–99.563, closing stronger on the day.

 

Key Economic Data Ahead (Sydney Time)

 

General Market

 
Wall Street
  • Dow Jones -0.6% to 46,341
  • S&P 500 -0.4% to 6,730
  • Nasdaq -0.2% to 23,004
  • U.S. 10-year yields up 2bps to 4.14%
  • WTI crude -1.7% to $65/bbl
  • Gold +0.3% to $3,982/oz
Asia-Pacific
  • ASX 200 +0.2% to 8,970
  • Shanghai Comp +1.3% to 3,934
  • Nikkei +1.8% to 48,580
  • Hang Seng -0.3%
  • Shenzhen +1.5%
Europe
  • FTSE -0.4% to 9,509
  • DAX +0.1% to 24,611
  • CAC -0.2% to 8,041
  • Stoxx -0.4%
  • U.K. 10-year yields up to 4.72%

 

Headlines to Watch 

  • United Kingdom: BOE’s Catherine Mann signalled that the Bank should maintain a restrictive stance until inflation and expectations are firmly back at target  a clear hawkish tone despite slowing growth.
  • Canada: The Labour Force Survey (Sep) is due tonight. August saw employment contract for a second month (-66k), lifting the jobless rate to 7.1%, its highest since 2016 (excluding the pandemic). Markets will watch closely for further signs of labour market cooling, with implications for the BoC’s Oct 29 policy decision.
  • United States: A quieter session ahead with few domestic releases.
  • Australia: AUD/USD remains heavy, with demand expected near 0.6500 and selling interest around 0.6630.

 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6558
AUD/NZD1.1415
AUD/JPY100.39
AUD/CNY4.6711
AUD/EUR0.5672
AUD/GBP0.4931
AUD/HKD5.10476

 

 

 

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