Global Markets Rally on Strong Earnings as Dollar Stays Supported

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Forex Market 

USD Firms as Equities Rally; AUD Holds Steady

Markets leaned risk-on overnight as strong earnings from Boeing and Tesla, along with continued momentum in AI stocks, pushed U.S. equities to fresh all-time highs. Despite the positive sentiment, the U.S. dollar remained broadly supported, with yields edging slightly higher.
The AUD/USD traded within a tight range, holding steady near its recent levels after briefly moving higher on geopolitical headlines. Meanwhile, EUR/USD and GBP/USD softened through the New York session, while USD/JPY remained volatile amid shifting developments surrounding U.S.–Iran relations.

General Market

Wall Street

  • Dow Jones +0.7% to 49,490
  • S&P 500 +1.0% to 7,138 (record highs)
  • Nasdaq +1.6% to 24,658

Asia-Pacific

  • ASX 200 -1.2% to 8,844
  • Shanghai Composite +0.5% to 4,106
  • Nikkei +0.4% to 59,586

Europe

  • FTSE -0.2% to 10,476
  • DAX -0.3% to 24,195
  • CAC -1.0% to 8,156

 

Headlines to Watch

United States

  • U.S. equities hit record highs driven by strong corporate earnings
  • MBA Mortgage Applications surged to 7.9%
  • Focus shifts to U.S. PMI data and labor market indicators

Europe / UK

  • UK CPI exceeded expectations, adding pressure on the pound
  • European equities remain subdued amid inflation concerns

Asia-Pacific

  • Japan trade balance missed expectations
  • Mixed equity performance across the region

Global

  • U.S.–Iran developments continue to drive oil and FX volatility
  • Brent crude rises above $100 amid geopolitical tensions
Currency Pair Mid-market Rate
AUD/USD 0.7159
AUD/NZD 1.2122
AUD/JPY 114.16
AUD/CNY 4.8861
AUD/EUR 0.6115
AUD/GBP 0.5302
AUD/HKD 5.6074

 

 

 

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