The Aussie dollar reached a high of 0.6457 during the U.S. session but was unable to keep that momentum going, closing at a level of 0.6422. The AUDUSD was able to hold on to its gains and even tread a bit higher after manufacturing and services data out of Australia came in softer than expected. The report came in at 49.4 from a 49.6 forecast and the services sector dropped to 46.7 from an expected 47.9. This weakens the Global Composite PMI to 47.1 from a 48.2 in July. Positive market news for the Aussie dollar came out of China, with the benchmark rate for mortgage loans staying unchanged, despite the People’s Bank of China move to drop the 1-yr prime loan rate. This, along with expectations that the Fed’s annual Jackson Hole Symposium will be somewhat soft as far as comments on further hikes in interest rates. The market will also be paying close attention to the plethora of Federal Reserve Officials comments this week to get a clearer idea of what they can possibly expect at Jackson Hole.
Marketwatch Australia
Daily insights into the latest global market news
Daily Insights
August 22, 2023
Economic Calendar
23 Aug 2023
10:30am:
JPY - Flash Manufacturing PMI
5:15pm:
EUR - French Flash Manufacturing PMI
5:15pm:
EUR - French Flash Services PMI
5:30pm:
EUR - German Flash Manufacturing PMI
5:30pm:
EUR - German Flash Services PMI
6:00pm:
EUR - Flash Manufacturing PMI
6:00pm:
EUR - Flash Services PMI
6:15pm:
All - BRICS Summit
6:30pm:
GBP - Flash Manufacturing PMI
6:30pm:
GBP - Flash Services PMI
7:03pm:
EUR - EU Economic Forecasts
10:30pm:
CAD - Core Retail Sales m/m
10:30pm:
CAD - Retail Sales m/m
11:45pm:
USD - Flash Manufacturing PMI
11:45pm:
USD - Flash Services PMI
12:00am:
EUR - Consumer Confidence
12:00am:
USD - New Home Sales
12:30am:
USD - Crude Oil Inventories
Market Indicators
Currency Pairs
| Pair | High | Low |
| aud/usd | 0.64576 | 0.64033 |
| nzd/usd | 0.59718 | 0.5923 |
| aud/nzd | 1.08255 | 1.0797 |
| usd/jpy | 146.398 | 145.496 |
| usd/cad | 1.35647 | 1.35128 |
| eur/usd | 1.09302 | 1.08327 |
| gbp/usd | 1.28004 | 1.27185 |
| aud/eur | 1.70196 | 1.68663 |
| aud/jpy | 94.058 | 93.504 |
| aud/cny | 4.7160 | 4.6644 |
Equities and Commodities
| S&P 500 | 4391.58 |
| DOW | 34311.9 |
| Nasdaq 100 | 14924 |
| ASX200 | 7113.24 |
| GOLD | 1898.11 |
| WTI | 79.65 |
This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.
