Markets Steady After FOMC Hold; USD Firms While AUD Remains Resilient

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Forex Market 

USD Firm as FOMC Passes Quietly; AUD Holds Above Key Level
The FOMC left rates unchanged as expected, generating little reaction across FX markets, while the USD gradually strengthened through the session, weighing on the euro and sterling. The Australian dollar outperformed, comfortably holding above a key psychological level, supported by strong domestic inflation data and ongoing speculation around possible currency intervention. USD strength became more evident later in the session, with the euro sliding to its weakest level since mid-year and the yen pushing to multi-month lows against the dollar, while the AUD remained resilient near the middle of its recent range and the broader dollar index continued to firm.

General Market

Wall Street

  • Dow Jones: 48,996 (0.0%)
  • S&P 500: 6,979 (0.0%)
  • Nasdaq: 23,872 (+0.2%)
  • VIX: 16.41 (+0.4%)

Asia-Pacific

  • ASX 200: 8,934 (-0.1%)
  • Hang Seng: +2.6% (4-year high)
  • Shanghai Comp: 4,151 (+0.3%)
  • Nikkei: 53,359 (0.0%)

Europe

  • FTSE 100: 10,154 (-0.5%)
  • DAX: 24,823 (-0.3%)
  • CAC 40: 8,067 (-1.1%)

 

Headlines to Watch

United States
  • Focus shifts from the FOMC to upcoming labour market and manufacturing data for further policy direction
  • USD strength remains a key theme across major currencies
Australia
  • Strong inflation data keeps expectations elevated for a near-term RBA rate hike
  • Ongoing monitoring of AUD moves amid speculation around official currency intervention
Europe
  • EUR under pressure as growth concerns persist despite improving confidence indicators
  • Equity markets remain soft, led by weakness in French and German indices
Japan
  • Yen weakness keeps markets alert to potential policy or verbal intervention
  • Upcoming consumer confidence data to gauge domestic demand trends
Canada
  • Attention turns to economic data following the Bank of Canada’s decision to hold rates steady
Currency PairMid-market Rate
AUD/USD0.7044
AUD/NZD1.1613
AUD/JPY107.92
AUD/CNY4.8919
AUD/EUR0.5883
AUD/GBP0.5096
AUD/HKD5.4967

 

 

 

 

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