USD Steadies as Markets Await Key U.S. Inflation Data

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Forex Market 

USD Mixed; AUD Recovers as Global Risk Sentiment Weakens
Global markets traded soft, with Wall Street ending lower despite an early rebound (Nasdaq & Dow -0.6%, S&P 500 -0.3%). U.S. 10-year yields held at 4.13% and Brent crude rose to $64.70/bbl. AUD/USD stayed near the top of its 0.6466–0.65185 range into the Asian open.
Asian equities fell sharply on risk-off sentiment, led by the Nikkei (-3.2%) and ASX 200 (-2%). RBA Minutes signalled caution on inflation and labour market softness before further easing. AUD/USD dipped to 0.6466 but recovered toward 0.6500.
Europe opened weak, with major indices down around 1.3% and U.K. 10-year yields steady at 4.53%. The USD was stable after jobless claims at 232k, while EUR/USD and GBP/USD hit early lows of 1.1580 and 1.3144.

General Market

Wall Street

  • Dow Jones: -0.7% to 46,285
  • S&P 500: -0.3% to 6,649
  • Nasdaq: -0.6% to 22,574
  • VIX: +4.1% to 23.29

Asia-Pacific

  • ASX 200: -1.9% to 8,469
  • Shanghai Composite: -0.8% to 3,940
  • Nikkei: -3.2% to 48,703
  • Hang Seng: -1.7%

Europe

  • FTSE: -1.3% to 9,552
  • DAX: -1.7% to 23,181
  • CAC: -1.9% to 7,968

Headlines to Watch 

Australia

  • Wage Price Index likely to show cooling pressures
  • Westpac leading index direction

United Kingdom

  • CPI inflation print
  • Retail and house price updates

United States

  • FOMC Minutes for further rate-cut clues

Europe

  • Final CPI inflation confirmation

Canada

  • BoC Deputy Governor Vincent’s remarks

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6509
AUD/NZD1.1502
AUD/JPY101.26
AUD/CNY4.6320
AUD/EUR0.5621
AUD/GBP0.4952
AUD/HKD5.0653

 

 

 

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