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Dollar Strengthens as Global Currencies Retreat

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

 

Forex Market 

 

USD: Broad-Based Strength on Strong Data
The USD strengthened sharply across the board following a series of stronger-than-expected U.S. economic releases, keeping the greenback supported. Month-end demand added to the bid tone, with AUD/USD sliding to lows near 0.6527 into the NY close.

 

  • EUR/USD traded down to 1.1646 after soft European data and firm U.S. prints, before recovering toward 1.1754 highs.
  • GBP/USD slipped to fresh lows at 1.3324, weighed by risk sentiment, before settling closer to 1.3466.
  • USD/JPY pushed higher, ranging 148.56–149.93, last seen near session highs.
  • USD/CAD climbed steadily, reaching 1.3949 before easing slightly.
  • AUD/USD traded in a 0.6527–0.6604 range, settling near lows as U.S. strength dominated.
  • NZD/USD dipped to 0.5759, consolidating under 0.5831 highs.

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street
U.S. equities extended losses for a third straight day:
  • Dow Jones -0.4%
  • S&P 500 -0.5%
  • Nasdaq -0.5%

U.S. 10-year yields rose 3 bps to 4.17%, while WTI crude edged higher +0.4% to $65.20/bbl.

 

Asia-Pacific
Asian equities finished mixed:
  • Nikkei +0.3%
  • Shenzhen +0.6%
  • Hang Seng -0.3%

Locally, ASX 200 gained +0.1%, supported by energy (+1.9%) and materials (+1.6%). AUD/USD traded a tight 0.6584–0.6600 range, closing near highs.

 

Europe
European equities closed weaker:
  • FTSE -0.4%
  • DAX -0.6%
  • CAC -0.4%

U.K. 10-year Gilts sold off, with yields rising to 4.68%. Brent crude tested resistance at $69.10/bbl.

 

Headlines to Watch 

  • U.S. Data Surprise – Q2 GDP revised up to 3.8% (vs. 3.3%), Personal Consumption at 2.5% (vs. 1.7%), Core PCE at 2.6%. Durable Goods Orders +2.9% (vs. -0.3% exp.), Trade Deficit narrowed to $85.5bn (vs. $95.4bn exp.), Jobless Claims at 218k (vs. 233k exp.).
  • Housing – Existing Home Sales fell -0.2% to 4.00m (vs. -1.5% exp. to 3.95m).
  • Geopolitics – U.S. jets deployed against Russian aircraft near Alaska; reports suggest Europe ready to respond to incursions.
  • Equities – Wall St. extended losses, Europe closed red, Asia mixed.
  • Oil – WTI +0.4% to $65.20/bbl; Brent tested $69.10/bbl resistance.

Mid-market rates

Currency Pair Mid-market Rate
AUD/USD 0.6534
AUD/NZD 1.1341
AUD/JPY 97.87
AUD/CNY 4.6615
AUD/EUR 0.5602
AUD/GBP 0.4899
AUD/HKD 5.0852

 

 

 

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