Marketwatch APAC

Daily Insights
August 22, 2023

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.

Economic Calendar

:
JPY - Flash Manufacturing PMI
:
EUR - French Flash Manufacturing PMI
:
EUR - French Flash Services PMI
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EUR - German Flash Manufacturing PMI
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EUR - German Flash Services PMI
:
EUR - Flash Manufacturing PMI
:
EUR - Flash Services PMI
:
All - BRICS Summit
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GBP - Flash Manufacturing PMI
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GBP - Flash Services PMI
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EUR - EU Economic Forecasts
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CAD - Core Retail Sales m/m
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CAD - Retail Sales m/m
:
USD - Flash Manufacturing PMI
:
USD - Flash Services PMI
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EUR - Consumer Confidence
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USD - New Home Sales
:
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.