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Global Markets Weaken as USD Firms Ahead of Key Central Bank Speeches

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Forex Market 

U.S. Dollar Strengthens as Risk Sentiment Softens and AUD Pressures Support Levels
The U.S. dollar strengthened through the European and New York sessions as risk sentiment weakened, with Wall Street starting the week under pressure. Despite firmer German IFO data and mixed U.S. economic releases, foreign exchange markets largely followed movements in yields and equities, allowing the greenback to hold gains before easing slightly later in the session.
The Australian dollar traded within a relatively contained range, initially pushing higher before reversing and settling toward the lower end as downside pressure persisted into the New York afternoon. Buying interest is seen ahead of the key psychological support area, while selling interest remains layered at higher resistance levels.
Across the majors, the euro drifted lower despite stronger German confidence data, the British pound also eased from its highs, and the Japanese yen weakened as dollar-yen pushed higher. The New Zealand dollar edged lower alongside the Aussie, while the Canadian dollar softened modestly against the firmer U.S. dollar. The broader dollar index moved within a steady range, reflecting moderate but sustained demand for the greenback.
U.S. ten-year yields declined modestly on the session, which helped cap broader upside momentum in the U.S. dollar.

 

General Market

Wall Street

  • Dow Jones: -1.7% to 48,800
  • S&P 500: -1.1% to 6,834
  • Nasdaq: -1.3% to 22,593
  • VIX: +10.9% to 21.18

Asia-Pacific

  • ASX 200: -0.6% to 9,026 (tech -4.5%, healthcare -2.4%)
  • Nikkei: -1.1% to 56,826
  • Shanghai Comp: -1.3% to 4,082
  • Hang Seng: +2.5% (catch-up trade post-holiday)

Europe

  • DAX: -1.1% to 24,992
  • CAC: -0.2% to 8,497
  • FTSE: 0.0% to 10,685

Headlines to Watch

United States

  • Fed speakers: Waller, Goolsbee, Bostic, Collins, Cook & Barkin
  • Market focus on tone from 2026 FOMC voters (Waller & Cook)
  • Tariff uncertainty after U.S. Supreme Court ruling; new proposed 15% global tariff framework

Asia

  • China returns from holidays – potential CNY volatility
  • FX implications for CNY, INR, THB, and MYR amid tariff reset

Australia

  • RBA commentary for policy clues as AUD hovers near key 0.7000 support With AUD/USD holding just above key technical support and Fed speakers due, near-term direction may hinge on policy rhetoric and evolving trade developments.
Currency Pair Mid-market Rate
AUD/USD 0.7062
AUD/NZD 1.1849
AUD/JPY 109.17
AUD/CNY 4.8728
AUD/EUR 0.5987
AUD/GBP 0.5231
AUD/HKD 5.5215

 

 

 

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