Markets Drift Lower as Mixed U.S. Jobs Data Weighs on Risk Sentiment

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Forex Market 

USD Volatile After Mixed U.S. Jobs Data; GBP Outperforms on Strong Wages

FX markets were volatile amid mixed U.S. economic data and softer global risk sentiment. The USD initially weakened following a softer wage print in the U.S. Non-Farm Payrolls report but later stabilised as equity markets remained under pressure. AUD/USD continued to trade within a familiar range, supported ahead of 0.6600, while GBP outperformed after UK wage growth surprised to the upside. JPY firmed modestly as U.S. Treasury yields edged lower, while CAD softened alongside a sharp decline in crude oil prices. EUR/USD pushed to fresh session highs after the U.S. data before paring gains into the New York close.

General Market

Wall Street

  • Dow Jones: -0.7% → 48,101
  • S&P 500: -0.5% → 6,785
  • Nasdaq: +0.1% → 23,073
  • VIX: +1.9% → 16.81

Asia-Pacific

  • Nikkei: -1.6% → 49,383
  • Hang Seng: -1.9%
  • Shanghai Composite: -1.1% → 3,825
  • ASX 200: -0.4% → 8,599

Europe

  • FTSE: -0.7% → 9,685
  • DAX: -0.6% → 24,077
  • CAC: -0.2% → 8,106

 

Headlines to Watch

United Kingdom

  • November CPI data may prove pivotal for the MPC’s upcoming policy decision, with services inflation remaining the key risk.
United States
  • Mixed labour market signals and softer wage growth keep the Fed policy outlook finely balanced.
Asia-Pacific
  • AUD/USD demand expected ahead of 0.6600, with selling interest seen near 0.6695/00.

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6635
AUD/NZD1.1465
AUD/JPY102.68
AUD/CNY4.6706
AUD/EUR0.5645
AUD/GBP0.4941
AUD/HKD5.1608

 

 

 

 

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