USD Firms as Wall Street Stays Mixed; Asia Opens on a Positive Note

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Forex Market 

USD: Mixed Wall Street Session; Dollar Steadies Ahead of Central Bank Commentary

Wall Street started the week mixed, with the Dow -0.4%, S&P 500 +0.2%, and Nasdaq +0.5% heading into the final hour of trade. The US 10-year yield rose 2bps to 4.10%, while WTI crude edged +0.1% to US$61/barrel. The USD strengthened against most G10 peers, with AUD/USD trading in a 0.6518–0.65625 range, settling near 0.6540 as Asia opened.

Key Economic Data Ahead (Sydney Time)

General Market

Wall Street

  • Dow Jones -0.4% to 47,351
  • S&P 500 +0.2% to 6,855
  • Nasdaq +0.4% to 23,816
  • VIX -1.1% to 17.25

Asia-Pacific

  • ASX 200 +0.1% to 8,895
  • Shanghai Comp +0.5% to 3,977
  • Nikkei Closed (Culture Day Holiday)

Europe

  • FTSE -0.2% to 9,701
  • DAX +0.7% to 24,132
  • CAC -0.1% to 8,110

Headlines to Watch 

Australia
  • RBA expected to keep rates unchanged at 3.60%.
  • Market pricing shows near-zero probability of a rate cut.
  • Upward revisions to inflation forecasts may end the easing cycle.
United States
  • US ISM Manufacturing for October fell to 48.7 (from 49.1), below expectations of 49.5.
  • PMI revised up to 52.5 from 52.2; Prices Paid component eased.
Europe
  • EUR/USD and GBP/USD retreated as Europe opened; European equities opened positive but ended mixed.

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6536
AUD/NZD1.1457
AUD/JPY100.79
AUD/CNY4.6540
AUD/EUR0.5674
AUD/GBP0.4975
AUD/HKD5.0802

 

 

 

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