USD Weakens into Month-End; Equities Close on a Positive Note

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Forex Market 

 

USD: Weaker on Data, Month-End Flows in Focus
The USD slipped into the weekend as softer sentiment and mixed U.S. data weighed on the greenback. Core PCE for August printed at +0.3% m/m and +2.9% y/y, in line with expectations, while Personal Income (+0.4%) and Spending (+0.6%) both beat estimates. Canadian GDP also surprised to the upside at +0.2% m/m and +0.9% y/y.

 

  • EUR/USD climbed to 1.1707 after U.S. data, finishing the week near 1.1704.
  • GBP/USD advanced through 1.3400 to highs of 1.3413.
  • USD/JPY drifted lower, touching 149.41 before recovering, last near 149.47.
  • AUD/USD traded in a 0.6521–0.6551 range, closing firm near 0.6550.
  • NZD/USD rose to 0.5784, last seen at 0.5772.
  • USD/CAD dipped to 1.3932 following strong GDP data, before closing near 1.3958.
  • DXY softened to 92.15 lows, down from highs of 98.53 earlier in the week. 

 

 

AUD: Supported but Capped

AUD/USD traded in a tight 0.6521–0.6551 range to finish the week, closing firm near 0.6550. Month- and quarter-end flows are expected to dominate the start of the week, with demand seen at the 100 DMA of 0.6520 and selling interest likely to emerge toward 0.6575. 

 

Key Economic Data Ahead (Sydney Time)

 

General Market

Wall Street
U.S. equities closed higher to finish the week:
  • Dow Jones +0.7% to 46,247
  • S&P 500 +0.6% to 6,644
  • Nasdaq +0.4% to 22,484

 

U.S. 10-year yields held steady at 4.18%, while 2-year yields were flat at 3.65%.
 
Asia-Pacific
Equities ended lower:
  • Nikkei -0.9% to 45,355
  • Shanghai Comp -0.7% to 3,828
  • Hang Seng -1.4%
  • ASX 200 managed gains of +0.2% to 8,788, supported by financials and materials.
 
Europe
Markets closed firmer into the weekend:
  • FTSE +0.8% to 9,285
  • DAX +0.9% to 23,739
  • CAC +1.0% to 7,871
  • Stoxx +0.5%

 

U.K. 10-year Gilts traded at 4.73%. 

 

Headlines to Watch 

  • US Data – Core PCE matched expectations; Personal Income/Spending both beat.
  • Canada GDP – July +0.2% m/m, +0.9% y/y (vs. +0.1% / +0.7% est.).
  • Japan CPI – Ex-food & energy slowed to +1% y/y, soft inflation momentum.
  • U. Michigan Sentiment – Revised lower to 55.1, inflation expectations edged down.
  • Trump Headlines – Suggested progress on Gaza, reiterated U.S. economic strength, hinted at possible government shutdown. Later comments suggested openness to lifting restrictions on U.S. weapons use in Russia.
  • Equities – Wall St. higher into the weekend; Europe also firmer.
  • Oil – WTI +1.1% to US$65.70/bbl; Brent $69.36/bbl. 

 

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6554
AUD/NZD1.1342
AUD/JPY97.82
AUD/CNY4.6743
AUD/EUR0.5593
AUD/GBP0.4884
AUD/HKD5.0991

 

 

 

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