Market Update 16/05/2025

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com

 

Forex Market

USD: Mixed Data Keeps USD Volatile, Post-CPI Softness Lingers

The dollar saw choppy trading after a raft of mixed U.S. data. CPI softness and weaker-than-expected PPI initially pressured the greenback, though it later firmed as markets reassessed the rate outlook. GBP/USD outperformed, while AUD and NZD lost ground late in the session.

  • AUD/USD traded 0.6391–0.6457, closing near 0.6405/10
  • NZD/USD dipped to 0.5861
  • EUR/USD hit highs of 1.1229, later faded to 1.1170
  • GBP/USD touched 1.3319 before paring gains
  • USD/CAD rose through 1.4000 to 1.4004
  • USD/JPY fell to 145.42 before recovering

 

AUD: Brief Lift on Jobs Beat, Fades with Broad USD Strength

AUD/USD rallied on stronger-than-expected April employment data (+89k vs 22.5k exp.), but gains were short-lived as U.S. yields rebounded and risk appetite faded late in the NY session.

  • Data beat failed to hold AUD/USD above 0.6450
  • Market remains focused on 0.6300 demand vs 0.6500 offers

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street

Equities opened soft but staged a broad-based recovery into the close. Nasdaq rose 0.6% while the Dow slipped 0.2% and the S&P 500 ended flat. Market focus remains on Fed signals and trade commentary.

  • Dow Jones -0.3%
  • S&P 500 -0.1%
  • Nasdaq +0.6%

Asia

  • Hang Seng +2.3%, Shenzhen +1.2%
  • Nikkei -0.1%, ASX +0.1%

Europe

  • DAX, CAC, Stoxx all -0.5% intraday; FTSE flat

Commodities

  • Brent -1.3% to $63.50/bbl
  • U.S. 10Y yields -3bps to 4.45%

 

Mid-market rates.

Currency PairMid-market Rate
AUD/USD0.64307
AUD/NZD1.0906
AUD/JPY93.16
AUD/CNY4.6155
AUD/EUR0.5722
AUD/GBP0.4814
AUD/HKD5.0020

 

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