USD Rangebound as Thanksgiving Thins Trade; AUD Holds Firm on Capex

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Forex Market 

USD: Quiet Trade on Thanksgiving; AUD Holds Upper Range
A subdued session saw US equity and bond markets closed for Thanksgiving, keeping liquidity thin and FX ranges tight. Brent crude edged slightly higher, while the AUD held firm following a strong Australian private capex surprise.
AUD/USD traded in a narrow 0.65175–0.65395 range, settling near 0.6530 into the Asian open. EUR/USD and GBP/USD initially pushed higher in early European hours before reversing to lows of 1.1613 and 1.3269 respectively as Europe came online. USD/CAD was the only standout mover, slipping to 1.4028 on light flows.
Overall, currencies ended the session range-bound, with a mild supportive bias for the AUD and NZD amid thin holiday trading conditions.

General Market

Wall Street – Holiday Closure
  • Equity and bond markets closed (Thanksgiving)
  • US futures traded a shortened session, flat to slightly lower
  • VIX: +0.1% → 17.21
Asia-Pacific
  • Nikkei: +1.2% → 50,167
  • Hang Seng: +0.1%
  • Shenzhen: Flat
  • ASX 200: +0.1% → 8,617 (Tech +2% led gains)
Europe
  • DAX: +0.2% → 23,768
  • FTSE: Flat → 9,694
  • CAC: Flat → 8,099
  • Stoxx: Mixed
  • UK 10Y yield: 4.46%

Headlines to Watch 

Asia / Pacific
  • Tokyo CPI and Japanese employment data in focus for BOJ policy outlook
  • Japanese retail sales and industrial production for signs of demand recovery
North America
  • Canadian GDP data for Q3 ahead of next BoC policy guidance
  • Payroll employment figures to indicate softness or resilience in labour market
Europe / UK
  • Mixed European equity performance signals cautious sentiment
  • GBP sensitive to ongoing UK growth and inflation outlook

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6533
AUD/NZD1.1409
AUD/JPY102.07
AUD/CNY4.6221
AUD/EUR0.5632
AUD/GBP0.4934
AUD/HKD5.0817

 

 

 

 

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