Markets Range-Bound as USD Holds Firm Ahead of Key Data

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Forex Market 

USD Softens Late as AUD Fails to Hold Fresh YTD Highs

USD Edges Higher in Thin Trade; AUD/USD Holds Near 0.6694
FX markets were subdued amid light liquidity, with the USD modestly firmer against its G10 peers as US yields ticked higher. The US 10-year yield rose 2bps to 4.13%, supporting the greenback despite limited reaction to stronger US housing data and the release of the FOMC minutes.
AUD/USD traded in a narrow 0.6688–0.6717 range, holding near 0.6700 as Asia opened, outperforming several peers. EUR/USD slipped to fresh session lows near 1.1745, while GBP/USD dipped below 1.3450. USD/JPY climbed to 156.56, reflecting yield differentials, while NZD/USD softened toward 0.5790 in quiet trade.

General Market

Wall Street
  • 🇺🇸 Dow Jones: -0.1% | 48,389
  • 🇺🇸 S&P 500: -0.1% | 6,902
  • 🇺🇸 Nasdaq: -0.1% | 23,444
Asia-Pacific
  • 🇭🇰 Hang Seng: +0.9%
  • 🇨🇳 Shenzhen: +0.3%
  • 🇯🇵 Nikkei: -0.4%
  • 🇦🇺 ASX 200: -0.1%
Europe
  • 🇬🇧 FTSE: +0.8% | 9,941
  • 🇫🇷 CAC: +0.7% | 8,168
  • 🇩🇪 DAX: +0.6% | 24,490

 

Headlines to Watch

United States
  •  US initial jobless claims due, offering fresh insight into labour market resilience and near-term Fed rate expectations.
China
  • Release of December Manufacturing, Non-Manufacturing and Composite PMIs to gauge momentum in the world’s second-largest economy.
FX Markets
  • USD direction in focus as traders assess whether firmer yields can extend recent gains amid thin liquidity.
Currency PairMid-market Rate
AUD/USD0.6694
AUD/NZD1.1562
AUD/JPY104.72
AUD/CNY4.6827
AUD/EUR0.5699
AUD/GBP0.4971
AUD/HKD5.2084

 

 

 

 

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