Global Equities Higher, USD Holds Firm

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: Modest Gains Amid Shutdown, Majors Recover
The USD posted modest gains despite no U.S. data releases due to the government shutdown. The greenback firmed through the NY morning, though pared gains into the afternoon with majors climbing off lows as Sydney came online.
  • AUD/USD traded a 0.6577–0.6624 range, recovering to 0.6600 late.
  • EUR/USD dipped to 1.1683 before bouncing off lows.
  • GBP/USD touched 1.3402 before recovering.
  • USD/JPY fell to 146.60 before rebounding to 147.51.
  • NZD/USD hit 0.5803 before edging higher.
  • USD/CAD rose to 1.3986.
  • DXY traded between 97.52–98.13. 

 

AUD: Tight Range Trade
AUD/USD traded in a narrow 18-pip range, dipping to 0.6603 at midday before rebounding. Demand is seen around 0.6575, with selling interest near 0.6630.  

 

Key Economic Data Ahead (Sydney Time)

 

General Market

 
Wall Street
  • Dow Jones +0.2% to 46,520
  • S&P 500 +0.1% to 6,715
  • Nasdaq +0.4% to 22,844
  • U.S. 10-year yields fell 2bps to 4.08%
  • WTI crude slid for the fourth day, down 1.7% to $60.80/bbl
Asia-Pacific
  • Nikkei +0.9% to 44,937
  • Hang Seng +1.7%
  • Shenzhen +0.5%
  • ASX 200 +1.1% to 8,946 (healthcare +2%, materials +1.8%)
Europe
  • FTSE -0.2% to 9,428
  • DAX +1.3% to 24,423
  • CAC +1.1% to 8,057
  • Stoxx +0.9% after weak start
  • U.K. 10-year Gilts held at 4.7%
  • Brent crude steadied at $65.50/bbl 

Headlines to Watch 

  • Fed Commentary – Powell reiterated no rush to cut rates, inflation “stubborn” in core services.
  • US Data – ISM Services Index tonight, expected steady at 52.
  • Labor Market – September payrolls delayed; BLS data reportedly collected, release pending.
  • Oil Prices – Brent stabilizing near $65.5 after prior losses.
  • China Outlook – Fresh stimulus measures, including tax breaks and property support.
  • FX Moves – Dollar Index tested highs before easing; majors lifted off lows into Sydney. 

 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6602
AUD/NZD1.1340
AUD/JPY97.24
AUD/CNY4.6985
AUD/EUR0.5632
AUD/GBP0.4910
AUD/HKD5.1380

 

 

 

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