Marketwatch APAC

Daily Insights
August 29, 2023

The Aussie dollar continues to make its way higher against the U.S. dollar on continued U.S. weakness, taunting the 0.65 level but not quite making it. The dollar fell against all of the G10 countries on weaker economic data out of the U.S.  U.S. Consumer Confidence Index dropped significantly to 106.1 in August after an expected 116 forecast.  U.S. housing prices also fell to 0.3% in June from a 0.7% previously reported. The US JOLTS job openings index fell to 9.49m from 9.58m the previous month.

The Reserve Bank of Australia Governor-Designate Bullock’s comments also helped the market as she expressed that high inflation will be one of her priorities as well as hoping to raise interest rates.  Australia’s CPI is expected to ease slightly to 5.2% from 5.4% previously.

Economic Calendar

:
AUD - CPI y/y
:
AUD - Building Approvals m/m
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AUD - Construction Work Done q/q
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JPY - Consumer Confidence
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EUR - German Import Prices m/m
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EUR - German Prelim CPI m/m
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CHF - KOF Economic Barometer
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EUR - Spanish Flash CPI y/y
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CHF - Credit Suisse Economic Expectations
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GBP - M4 Money Supply m/m
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GBP - Mortgage Approvals
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GBP - Net Lending to Individuals m/m
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EUR - Italian 10-y Bond Auction
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USD - ADP Non-Farm Employment Change
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USD - Prelim GDP q/q
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USD - Prelim GDP Price Index q/q
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USD - Goods Trade Balance
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USD - Prelim Wholesale Inventories m/m
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USD - Pending Home Sales m/m
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USD - Crude Oil Inventories
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JPY - Prelim Industrial Production m/m
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JPY - Retail Sales y/y

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.64866 0.6401
nzd/usd 0.59776 0.58872
aud/nzd 1.08901 1.07798
usd/jpy 147.374 145.598
usd/cad 1.36372 1.35385
eur/usd 1.08918 1.07821
gbp/usd 1.26546 1.25627
aud/eur 1.68538 1.67517
aud/jpy 94.599 94.043
aud/cny 4.7223 4.7160
Equities and Commodities
S&P 500 4501.73
DOW 34836.8
Nasdaq 100 15403.2
ASX200 7258.24
GOLD 1936.57
WTI 81.22

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.