Markets Steady as USD Trades Mixed Ahead of U.S. Trade Data

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Forex Market 

USD: Mixed Session, Majors Range-Bound

The USD traded sideways overnight as markets digested mixed global equity performance and comments from policymakers. The greenback initially strengthened but later pared gains as risk appetite improved in New York trade.
    • AUD/USD traded between 0.65815–0.66205, settling at 0.6620 late in the session.
    • EUR/USD slipped to 1.16515 before rebounding above 1.1700.
    • GBP/USD moved within 1.3394–1.3489, supported by improved risk sentiment.
    • USD/JPY touched 150.47, later easing back toward 150.00 after comments from Japanese officials.
    • NZD/USD ranged 0.5805–0.5843, edging higher alongside AUD.
    • USD/CAD traded 1.3943–1.3995, tracking oil gains.
    • DXY oscillated between 97.96–98.50, ending lower at 98.21.

 

AUD: Consolidating Near Highs

AUD/USD held near the upper end of its recent range amid firm commodity prices and improved sentiment. Demand is expected ahead of 0.6575, with selling interest emerging around 0.6630.

Key Economic Data Ahead (Sydney Time)

 

General Market

 

Wall Street

  • Dow Jones -0.2% to 46,695
  • S&P 500 +0.4% to 6,741
  • Nasdaq +0.8% to 22,963
  • U.S. 10-year yields rose 5bps to 4.17%
  • WTI crude gained 1.5% to $66.00/bbl

In equity news, AMD signed an AI chip-supply deal with OpenAI, supporting tech sentiment.

 

Asia-Pacific

  • Nikkei +4.8% to 47,945, rallying after Sanae Takaichi’s leadership victory raised fiscal stimulus hopes
  • Hang Seng -0.7%
  • Shenzhen +0.5%
  • ASX 200 -0.1% to 8,981 (tech -1.4%, healthcare -0.9%)

 

Europe

  • FTSE -0.1% to 9,479
  • DAX flat at 24,378
  • CAC -1.4% to 7,972
  • Stoxx -0.4%
  • U.K. 10-year Gilts at 4.74%
  • Brent Crude +1.0% to $65.55/bbl
Weakness in the CAC followed French PM Lecornu’s resignation, adding to political uncertainty.

 

 

Headlines to Watch 

  • U.S. Trade Balance – August data expected to show the deficit narrowing to $61.4B (from $78.3B in July).
  • Fed Commentary – Bostic to speak in Nashville, focus on inflation and rate outlook.
  • Japan – Takaichi adviser Honda noted “too much yen weakness” could elevate inflation, hinting at policy sensitivity above 150.
  • Europe – Political instability weighs on French markets after PM Lecornu’s resignation.
  • Commodities – Gold +1.8% to $3,955, Silver +0.1% to $49, Iron Ore +0.1% to $104.

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6611
AUD/NZD1.1338
AUD/JPY99.51
AUD/CNY4.7058
AUD/EUR0.5648
AUD/GBP0.4905
AUD/HKD5.1459

 

 

 

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