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USD: Holds Ground After Strong U.S. Equity Session
The dollar remained steady as Wall St. rebounded, while traders look ahead to ISM Services data.
AUD/USD traded within a 0.64595–0.6489 range, settling around 0.6460/65.
NZD/USD slipped to 0.5901 in late NY trade.
EUR/USD briefly bounced to 1.1590 before steadying.
GBP/USD hovered near 1.3272, while USD/JPY eased below 146.90 before rebounding.
AUD: Consolidates Post-Selloff
AUD/USD was quiet during Asia and Europe, stabilising after Friday’s sharp drop. Stronger Wall St. sentiment offered little upside.
Key Economic Data Ahead (Sydney Time)
General Market
Wall Street
Markets surged:
Nasdaq +2%
S&P 500 +1.5%
Dow Jones +1.4%
U.S. 10-year yields held at 4.20%; Brent crude dropped 1.6% to $68.50/bbl.
Asia-Pacific
Nikkei -1.3%, Hang Seng +0.9%, ASX flat
AUD/USD muted in Asia, trading near 0.6485.
Europe
Euro Stoxx 50 +1.3%, FTSE 100 +0.5%, DAX +1.2%
EUR/USD was steady as the EU paused trade countermeasures against the U.S.
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