Markets Mixed: USD Up, AUD Swings on CPI, Equities Diverge, Oil Rises

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Forex Market 

 

USD: Firmer on Fed Commentary The USD strengthened as Fed’s Goolsbee warned against a series of rate cuts, citing trade policy headwinds. U.S. housing data also surprised to the upside, keeping the greenback supported.
  • EUR/USD drifted lower after weaker German IFO survey (87.7 vs. 88.9 prior, 89.4 est.), trading down to 1.1729 before settling near 1.1765
  • GBP/USD slipped on soft U.K. PMI prints, falling to 1.3427 before recovering to 1.3523 highs.
  • USD/JPY ticked steadily higher, ranging 147.53–148.92 and last near 148.89.
  • USD/CAD pushed higher through 1.3900 to 1.3907 highs, supported by broad USD strength.
  • AUD/USD traded 0.6575–0.6628, fading from post-CPI highs back toward 0.6575 into the NY close.
  • NZD/USD dipped to 0.5810 before consolidating near 0.5865.

 

AUD: Volatile but Heavy
AUD/USD jumped to 0.6628 after stronger-than-expected CPI (3.0% vs. 2.9% est.), but the rally faded as the USD firmed into the NY session. The pair fell to 0.6575 lows, with demand seen at 0.6570 and selling interest near 0.6630.

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street
U.S. equities closed lower for a second straight session:
  • Dow Jones -0.4
  • S&P 500 -0.3%
  • Nasdaq -0.3%

 

U.S. 10-year yield rose 4 bps to 4.15%. WTI crude gained +2.2% to US$64.80/bbl.

 

Asia-Pacific
Asian equities closed higher:
  • Hang Seng +1.5%
  • Shenzhen +1.0%
  • Nikkei +0.3%

Locally, ASX 200 fell -0.9%, with financials (-1.7%) and healthcare (-1.3%) leading declines.

 

Europe
European equities were mixed:
  • FTSE +0.3%
  • DAX +0.2%
  • CAC -0.6%
  • Stoxx -0.1%

 

U.K. 10-yr Gilts traded at 4.66%. Brent crude was steady at US$67.65/bbl.

 

Headlines to Watch 

  • Fed Commentary – Goolsbee warned against a series of cuts, citing Trump’s trade policies as a headwind for easing.
  • U.S. Housing Data – August Building Permits revised up to 1.33m (vs. 1.312m), New Home Sales surged +20.5% to 800k (vs. -0.3% exp.).
  • Australia CPI – Monthly CPI rose 3.0% y/y (vs. 2.9% est.), dampening RBA cut expectations; AUD/USD briefly hit 0.6628.
  • German IFO Survey – Fell to 87.7 (vs. 88.9 prior, 89.4 est.), weighing on EUR sentiment.
  • Equities – Wall St. lower for second day; Europe mixed, Asia higher.
  • Oil – WTI +2.2% to US$64.80/bbl; Brent steady at US$67.65/bbl. 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6591
AUD/NZD1.1336
AUD/JPY97.97
AUD/CNY4.6974
AUD/EUR0.5612
AUD/GBP0.4900
AUD/HKD5.1276

 

 

 

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