AUD: A$ Underperforming But In Narrow Ranges
Feb-05 01:51
After rising on Tuesday, AUDUSD has range traded today and is currently down 0.1% to 0.6245, close to the intraday low, after rising to 0.6260. There has been little news so far in the APAC session to give it direction. The USD index is flat.
- Aussie has lost ground against other major currencies though with AUDJPY down 0.6% to 95.94, close to the intraday low. AUDEUR is 0.1% lower at 0.6019 and AUDGBP -0.1% to 0.5006.
- AUDNZD is down 0.1% to 1.1052 after rising to a high of 1.1074 following soft NZ Q4 labour market data.
- Equities are mixed with the ASX up 0.7% and KOSPI +1.2% but CSI 300 down 0.3% and S&P e-mini down 0.3%. Oil prices are moderately higher with WTI at $72.73/bbl. Copper is up 0.2% and iron ore remains around $105.50/t.
- Later the Fed’s Barkin, Goolsbee and Bowman appear and US January ADP employment, December trade and January services PMI/ISM print. Also the ECB’s Lane speaks and January European services/composite PMIs and euro area December PPI data are released.
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