Global Markets Mixed as U.S. Shutdown Vote Nears

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Forex Market 

USD: Mixed as Shutdown Vote Looms; AUD Steady Near 0.6540
Wall Street traded mixed overnight ahead of the U.S. government vote to end the shutdown. The Dow Jones gained +0.8%, S&P 500 +0.1%, and Nasdaq -0.3%. U.S. 10-year yields fell 5bps to 4.06%, while Brent crude dropped 3.9% to $62.63 a barrel.
The AUD/USD traded in a tight 0.6516–0.6550 range, settling around 0.6545 before the Asian open.
In Asia, equities were mostly firmer — Nikkei +0.4%, Hang Seng +0.8%, Shenzhen -0.1%, and ASX 200 -0.2%, with tech stocks falling -3.3%. The AUD/USD remained confined to a 0.6516–0.6532 range through the local afternoon.
European trade began quietly, with German October CPI confirmed at 2.3% y/y. The CAC, DAX, and Stoxx each rose +1.0%, while the FTSE was flat as GBP/USD slipped -0.2% to 1.3117.
EUR/USD reached 1.1588, AUD/USD peaked at 0.6544, and USD/JPY gained 0.5% to 145.91, after Japan’s PM Takaichi expressed heightened interest in monetary policy.
Political jitters in the UK saw GBP/USD fall to 1.3084, while USD/JPY climbed through 155.00 to hit 155.05 highs. Meanwhile, USD/CAD dropped below 1.4000 after Canadian Building Permits jumped 4.5% in September (vs +0.9% expected).
The USD eased into the NY close as AUD/USD touched 0.6550, NZD/USD 0.5669, and EUR/USD 1.1598.

General Market

Wall Street
  • Dow Jones: +0.8% to 48,306
  • S&P 500: +0.1% to 6,845
  • Nasdaq: -0.3% to 23,390
  • VIX: +1.8% to 17.59
Asia-Pacific
  • ASX 200: -0.2% to 8,800
  • Shanghai Composite: -0.1% to 4,000
  • Nikkei: +0.4% to 51,063
  • Hang Seng: +0.8%
Europe
  • FTSE: +0.1% to 9,911
  • DAX: +1.2% to 24,381
  • CAC: +1.0% to 8,241

Headlines to Watch 

🇺🇸 United States
  • U.S. Government shutdown vote due this week  potential market volatility if delayed.
  • CPI data expected to show continued disinflation; markets watching for Fed’s next move.
  • Fed officials scheduled to speak  focus on inflation outlook and rate guidance.
  • Retail sales and industrial production reports to gauge consumer and manufacturing strength.
🇪🇺 Europe
  • ECB President Lagarde to deliver remarks on inflation risks and monetary tightening.
  • UK employment and GDP data due expected to show signs of economic stagnation.
  • Eurozone trade balance and industrial output reports to provide clues on recovery pace.
 Asia-Pacific
  • China industrial production and retail sales releases on watch for stimulus signals.
  • Japan Q3 GDP expected to contract slightly amid weak consumption.
  • Australia wage price index and RBA meeting minutes eyed for next policy clues.
  • NZD traders watching for RBNZ rate path commentary.

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6536
AUD/NZD1.1545
AUD/JPY101.13
AUD/CNY4.6506
AUD/EUR0.5638
AUD/GBP0.4978
AUD/HKD5.0790

 

 

 

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