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USD: Broad-Based Weakness
The dollar came under pressure across the board as dovish comments from Fed’s Kashkari and disappointing ISM data weighed on sentiment.
- AUD/USD held firm in a 0.6469–0.65085 range, closing near 0.6506.
- NZD/USD advanced to highs of 0.5936, supported by broader USD weakness.
- EUR/USD climbed to 1.16685, while GBP/USD hit a high of 1.33685.
- USD/JPY fell to 146.99, reflecting lower yields and reduced risk appetite.
AUD: Outperforms on Broad USD Pullback
The AUD was well supported throughout the session, benefiting from a risk-on mood and soft USD. Energy and materials gains on the ASX also lent support.
Key Economic Data Ahead (Sydney Time)
General Market
Wall Street
Another strong session saw risk appetite return to U.S. equities:
- Nasdaq +1.2%
- S&P 500 +0.7%
- Dow Jones +0.2%
U.S. 10-year yields were steady at 4.23%, while Brent crude dropped 1.4% to $66.70/bbl.
Asia-Pacific
Equities traded broadly higher:
- Nikkei +0.6%, Shenzhen +0.2%, Hang Seng flat
- ASX +0.8%, with energy and materials both +1.3%
Europe
European markets opened firmer and held gains through the session:
- CAC, DAX, FTSE +0.2%, Stoxx 50 +0.3%
- Crude prices rebounded slightly, and U.S. yields held steady.
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