Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com
USD: Rallies on Tariff Headlines, Then Pulls Back
The U.S. dollar saw renewed strength on tariff announcements but later eased against most currencies. The Canadian dollar strengthened on robust employment data, while the Aussie remained range-bound.
- AUD/USD traded between 0.6557–0.6595, closing at 0.6576.
- NZD/USD dipped to 0.6001.
- EUR/USD dropped to 1.1665 before bouncing to 1.1695.
- GBP/USD hovered near lows at 1.3522.
- USD/CAD jumped to 1.3730 on tariff headlines before retreating to 1.3652.
- USD/JPY was bid to 147.47.
AUD: Steady Amid Choppy Session
AUD traded sideways despite risk-off sentiment. Commodity support and yield differentials helped cap downside.
Key Economic Data Ahead (Sydney Time)
General Market
Wall Street
Wall Street ended the week in the red on trade concerns:
- Dow Jones -0.6%
- S&P 500 -0.5%
- Nasdaq -0.2%
U.S. 10-year yields rose to 4.42%, while brent crude surged +2.9% to $70.65/bbl.
Asia-Pacific
Regional equities finished mixed:
- Hang Seng +0.5%
- Shenzhen +0.1%
- Nikkei -0.2%
- ASX -0.1% (dragged by real estate and tech sectors)
Europe
Europe mirrored global weakness:
- Stoxx -1%
- DAX -0.8%
- CAC -0.9%
- FTSE -0.4%
Gilts sold off with yields up to 4.6%, while equities struggled under tariff pressure.
UK gilts rallied on weaker economic expectations, while copper and energy prices lifted sentiment.
|
Disclaimer:
The market update provided by Corporate Alliance FX (CAFX) is for reference only and does not constitute a bid, levy, offer or invitation to offer for the financial product, the basis for any contract or commitment, a recommendation for the purchase or sale of any investment instruments, financial, legal, tax, investment advice, investment advice or other opinions. It will not be legally liable for any consequences or losses caused by the information or content involved.
Corporate Alliance Group Pty Ltd T/A Corporate Alliance FX (CAFX) (ABN 58 167 119 226, AFSL 523351) (i.e. CAFX), CAFX independently holds the Australian Financial Services licence no. 523351 (AFSL), so CAFX is regulated by the Australian Securities and Investment Commission (ASIC) and, and although ASIC is a strictly regulatory body, it does not endorse a specific financial product. ASIC’s regulation of CAFX applies to all services under the financial licence held by CAFX, including the issuance of foreign exchange settlement, foreign exchange payments, foreign exchange risk control, hedging, market making and providing financial advice.3
