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USD: Flat Ahead of CPI Release
The U.S. dollar traded cautiously overnight, with investors awaiting June CPI data. Treasury yields edged higher, providing modest support to the greenback.
AUD/USD ranged between 0.6543–0.6587, closing near 0.6546 after retesting session lows.
NZD/USD softened to 0.5969, underperforming amid a risk-off tilt.
EUR/USD oscillated within 1.1650–1.1671, holding near mid-range into NY trade.
GBP/USD dipped to 1.3428 before stabilizing slightly.
USD/JPY climbed to 147.76, hitting fresh intraday highs.
USD/CAD moved off highs, ending around 1.3678 after intraday swings.
AUD: Slides Toward Lows on Risk Aversion
The Aussie weakened as risk sentiment soured ahead of U.S. CPI and ongoing trade tensions.Early gains above 0.6580 faded, with AUD/USD testing 0.6543 as the U.S. Dollar Index firmed.Falling oil prices added pressure, while copper’s modest rise limited losses. Offers sit near 0.6600; demand expected around 0.6400 on strong U.S. inflation data.
Key Economic Data Ahead (Sydney Time)
General Market
Wall Street
A calm session on Wall Street saw equities edge higher:
Nasdaq +0.3%
Dow Jones +0.2%
S&P 500 +0.2%
U.S. 10-year yields climbed to 4.42%, while Brent crude dropped -1.5% to $69.30/bbl.
Asia-Pacific
Asian equities were mixed:
Hang Seng +0.3%
Shenzhen +0.1%
Nikkei -0.3%
ASX -0.1% (dragged by industrials and discretionary)
Europe
European equities were softer overall:
FTSE +0.6%
Stoxx -0.2%
CAC -0.3%
DAX -0.4%
Gilts rallied as yields dipped to 4.6%, while the EUR remained range-bound.
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