Global Markets Mixed as Hawkish RBA Lifts AUD and Tech Weighs on Wall Street

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Forex Market 

AUD Jumps on Hawkish RBA as USD Trades Mixed
The AUD was the standout following the RBA’s 25bp rate hike to 3.85% and a notably more hawkish shift in guidance. AUD/USD rallied from around 0.6960 to an intraday high of 0.70505 before consolidating near 0.7020 as global risk sentiment softened. The pair traded within a 0.6946–0.7051 range, with demand emerging ahead of 0.6950 and offers seen toward 0.7100.
Elsewhere, the USD was mixed. Early softness saw EUR/USD and GBP/USD push to highs of 1.1829 and 1.3706, respectively, before a USD rebound during London trade reversed those gains. USD/JPY continued to climb, reaching fresh highs near 156.08, reflecting yield support despite broader equity weakness.
NZD/USD traded between 0.5997–0.6056, with markets cautious ahead of New Zealand labour market data.

 

General Market

Wall Street

  • Dow Jones: -0.8% (49,031)
  • S&P 500: -1.4% (6,879)
  • Nasdaq: -2.1% (23,097)
  • VIX: +19.4% (19.51)

Asia-Pacific

  • Nikkei: +3.9% (54,721)
  • ASX 200: +0.9% (8,857)
  • Shanghai Composite: +1.3% (4,068)

Europe

  • FTSE 100: -0.3% (10,315)
  • DAX: -0.1% (24,781)
  • CAC 40: Flat (8,180)

 

Headlines to Watch

  • RBA: Hawkish repricing following upward revisions to trimmed mean inflation forecasts, reinforcing expectations that inflation will remain above target for longer
  • New Zealand: Labour market data in focus, with unemployment expected to hold at 5.3% but upside risks to wages
  • Eurozone: Core CPI outcome closely watched for signs of easing services inflation ahead of the ECB decision
  • United States: Services activity and employment indicators for confirmation of resilience in the labour market
  • Markets: Precious metals volatility continues, with gold and silver outperforming amid equity market weakness
Currency PairMid-market Rate
AUD/USD0.7018
AUD/NZD1.1616
AUD/JPY109.36
AUD/CNY4.8687
AUD/EUR0.5940
AUD/GBP0.5124
AUD/HKD5.4828

 

 

 

 

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