AUD Steady Ahead of Jobs Data, U.S. Retail Sales in Focus

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Forex Market

USD: Mixed After Volatile Session
The U.S. dollar oscillated as softer PPI data initially pressured the greenback before political headlines drove sharp volatility, with stability returning into the NY close.

  • AUD/USD traded between 0.6496–0.6554, closing near 0.6528.
  • NZD/USD rebounded to 0.5969 after testing early lows.
  • EUR/USD lifted to 1.1725 from intraday lows around 1.1563.
  • GBP/USD jumped to 1.3485 after UK CPI surprised at 3.6% YoY.
  • USD/JPY slumped from 149.00 to under 147.00.
  • USD/CAD reversed from 1.3755 highs to 1.3680.

 

AUD: Sharp Reversal on U.S. Headlines
AUD erased losses after Trump-related Fed headlines triggered broad USD selling. Resistance seen near 0.6600, with strong demand at 0.6400.

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street

U.S. equities closed higher after volatile swings:

  • Dow Jones +0.5%
  • S&P 500 +0.2%
  • Nasdaq +0.3%

U.S. 10-year yields eased to 4.45%; Brent crude steady near $68.80/bbl.

Asia-Pacific

  • Hang Seng -0.3%, Shenzhen -0.3%, Nikkei flat
  • ASX -0.8% (financials -1.4%, materials -1.2%)

Europe

  • Stoxx -0.4%, FTSE +0.1%, DAX flat, CAC -0.1% Gilts firmed with yields at 4.65%.

Headlines to Watch

  • U.S. PPI Disappoints
    June PPI flat MoM (vs. 0.2% est.), core also weaker.
  • UK CPI Surprises Higher
    Headline CPI at 3.6% YoY vs. 3.4% forecast.
  • Trump vs. Powell
    Reports Trump considered firing Fed Chair Powell; USD sold off sharply before partial recovery.

 

Mid-market rates.

Currency PairMid-market Rate
AUD/USD0.6523
AUD/NZD1.0973
AUD/JPY96.74
AUD/CNY4.6887
AUD/EUR0.5606
AUD/GBP0.4863
AUD/HKD5.1207

 

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