USD Steadies, ECB Hints Future Hike, Focus on U.S. Durable Goods

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Forex Market 

USD: Mixed Performance Amid Data and ECB Signals
The dollar held steady after earlier softness, as markets weighed U.S. data and ECB comments.
  • AUD/USD traded in a 0.6586–0.6625 range, closing near 0.6595.
  • NZD/USD eased to 0.5940 after U.S. jobless claims.
  • EUR/USD dipped to 1.1731 before recovering post-ECB remarks.
  • GBP/USD slid to 1.3533 on softer UK PMI data.
  • USD/JPY peaked near 146.88; USD/CAD touched 1.3629.
AUD: Supported Despite Risk Consolidation
AUD/USD remains above 0.6585 as traders look to U.S. durable goods data for fresh direction.

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street

A mixed day on Wall St.:

  • Dow Jones -0.7%
  • S&P 500 +0.1%
  • Nasdaq +0.2%

U.S. 10-year yields edged higher to 4.40%; Brent crude rose 1.1% to $69.30/bbl.

 

Asia-Pacific

  • Nikkei +1.6%, Shenzhen +0.7%, Hang Seng +0.4%
  • ASX -0.3% (industrials and real estate lagged)

 

Europe

  • DAX +0.9%, Stoxx +0.7%, FTSE +0.5%, CAC +0.4%

Headlines to Watch

  • Eurozone PMI – Composite at 51.0 (vs. 50.7 est.); Manufacturing 49.8, Services 51.2.
  • UK PMI – Composite fell to 51.0 (vs. 51.8 est.), Services 51.2.
  • ECB Holds Rates – Lagarde positive on inflation near 2%, hints at possible future hike.
  • U.S. Jobless Claims – Initial 217k (vs. 226k est.); Continuing 1.955m.

 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6594
AUD/NZD1.0930
AUD/JPY96.95
AUD/CNY4.7129
AUD/EUR0.5690
AUD/GBP0.4881
AUD/HKD5.1736

 

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