Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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Key Data Being Released Today
| Japan – | BoJ Outlook Report (YoY) | |||
| Eurozone – | ECB Interest Rate Decision (Oct) | |||
| United States – | GDP (QoQ) (Q3) | |||
| Core Durable Goods Orders (MoM) (Sep) | ||||
Macro Report
The DXY continued to trend lower overnight, losing ground against all the major pairs. The Aussie was an out-performer amongst the currencies.
Yields were generally lower as markets run with a theme of potential Fed Pivot.
Adding to the narrative of globally less hawkish central bankers was the Canadian central bank that only lifted rates 50bps instead of the expected 75bps, following a similar RBA hike last month.
Ahead tonight, the ECB interest rate decision looms, with expectations of a 75bps hike. That will be followed by US GDP.
AUD/USD Daily Chart
DXY (USD INDEX) Daily Chart
Major Global Markets
| Currencies | Level | Change (%) |
| AUD/USD | 0.6493 | 1.55 |
| AUD/JPY | 95.04 | 0.49 |
| AUD/CNH | 4.6676 | -0.19 |
| DXY | 109.71 | -1.12 |
| Rates | Yield (%) | Change |
| US 10 Year | 4.0150 | -0.093 |
| Aus 10 year | 3.883 | -0.077 |
| Equities | Level | Change (%) |
| S&P 500 | 3831 | -0.74 |
| NASDAQ | 10971 | -2.04 |
| ASX 200 | 6811 | 0.18 |
| Commodities | Level | Change (%) |
| Iron Ore | 94.61 | 0.11 |
| Gold | 1667.9 | 0.61 |
| Brent Crude oil | 93.52 | 0.28 |
