Markets Slip as Wall Street Opens Lower, AUD Reverses from YTD Highs

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Forex Market 

USD Softens Late as AUD Fails to Hold Fresh YTD Highs

The USD traded modestly stronger early in the session before giving back gains amid thin, holiday-affected liquidity. AUD/USD briefly pushed to fresh YTD highs at 0.6727 during local trade but reversed as Europe came online, settling near 0.6690 into the Sydney open. EUR/USD recovered from 1.1750 lows to test 1.1789, while GBP/USD remained range-bound despite mixed geopolitical headlines.
USD/JPY drifted lower as US yields edged down, with the pair touching 155.92 lows late in the session. Overall, major FX pairs consolidated into tight ranges, reflecting cautious positioning and subdued market

General Market

Wall Street
  • Dow Jones: -0.4% | 48,521
  • S&P 500: -0.4% | 6,904
  • Nasdaq: -0.5% | 23,468
Asia-Pacific
  • Hang Seng: -0.7%
  • Nikkei: -0.4% | 50,527
  • Shanghai Composite: Flat | 3,965
  • ASX 200: -0.4% | 8,726
Europe
  • FTSE: Flat | 9,867
  • DAX: +0.1% | 24,351
  • CAC: +0.1% | 8,112

 

Headlines to Watch

United States
  • Wall Street closed lower as cautious sentiment dominated thin holiday trading.
  • USD gave back early gains despite stronger-than-expected Pending Home Sales.
Australia
  • AUD/USD briefly hit fresh YTD highs before reversing as offshore flows weighed.
Europe
  • European equities closed mixed, supported by energy stocks despite broader risk aversion.
  • EUR and GBP remained range-bound amid low liquidity.
Currency PairMid-market Rate
AUD/USD0.6693
AUD/NZD1.1529
AUD/JPY104.44
AUD/CNY4.6875
AUD/EUR0.5685
AUD/GBP0.4955
AUD/HKD5.2030

 

 

 

 

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