Marketwatch APAC

Daily Insights
October 10, 2023


Open today 0.6432

Yesterday’s Range 0.6390 / 0.6433


Open today  0.6046

Yesterday’s Range 0.5999 / 0.6049


Yesterday’s Range 0.6040 / 0.6080


Yesterday’s Range 4.6646 / 4.6878



Yesterday’s Range 1.0633 / 1.0672


Yesterday’s Range 0.5220 / 0.5250

The AUDUSD got a lift from falling US Treasury yields, advancing +0.3% for the day. Concerns over the Chinese property sector have been weighing on the antipodeans and Asia risk assets , though some pressure has eased with reports that Beijing is contemplating fresh stimulus measures. Potential headwinds also pertain to the conflict and geopolitical tensions between Israel and Hamas of Palestine for risk assets in general. For now though, the market mood is modestly upbeat and driving the Aussie higher. Today, in Australia, RBA’s Kent is due to speak, but not expected to be a market mover. US release for PPI, September will be the key economic data for today, on all markets. Look for the AUDUSD to remain positive and Asia equities find a lift. Performance across Asia equity markets and AUDJPY moves will provide some hint for direction in our session today. Continued resistance seen in the 0.6430’s and further supply up to 0.6460 with support back to 0.6370’s initially.


Wall Street had another rally for the day as US Bond yields retreated on bets that the Fed will pause after government officials said rates were peaking. The DJI was up +0.4%, the S&P500 was up +0.5% and the Nasdaq gained +0.6% for the session. Australian shares are looking to open higher with the tailwind of Wall Street’s close, though investor caution remains with political tensions in the Middle East.

Gold prices eased, giving back some of the previous session gains,  as investors tentatively returned to riskier assets after US officials comment’s as to policy outlook.

Copper prices drifted lower as caution emerges via demand from China with reports that property giant Country Garden had issued warnings over its ability to meet offshore debt obligations.  Iron Ore futures fell once again as concerns remain over demand outlook in Choina and the country’s struggling property sector.

Brent Crude Oil prices closed lower for the session, but still holding on to earlier in the week gains, as traders remain attentive to the supply disruptions due to the conflict in the Middle east.



We hope you have found our expertly curated MarketWatch analysis useful in navigating the ever-changing FX landscape. To enhance our services and make sure you receive the most relevant and timely insights we have recently made some exciting updates to our newsletter.
To continue receiving our curated MarketWatch insights, we kindly request you resubscribe to our mailing list here:

Economic Calendar

AUD - RBA Assist Gov Kent Speaks
EUR - German Final CPI m/m
JPY - Prelim Machine Tool Orders y/y
USD - FOMC Member Bowman Speaks
CNY - New Loans
CNY - M2 Money Supply y/y
GBP - 10-y Bond Auction
EUR - German 30-y Bond Auction
CAD - Building Permits m/m
USD - Core PPI m/m
USD - PPI m/m
USD - FOMC Member Waller Speaks
All - IMF Meetings
USD - 10-y Bond Auction
USD - FOMC Meeting Minutes
NZD - FPI m/m
GBP - RICS House Price Balance
JPY - Bank Lending y/y
JPY - Core Machinery Orders m/m
JPY - PPI y/y

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.64329 0.63902
nzd/usd 0.60485 0.59984
aud/nzd 1.0669 1.06028
usd/jpy 149.096 148.162
usd/cad 1.36168 1.35691
eur/usd 1.06198 1.05543
gbp/usd 1.22914 1.22118
aud/eur 1.65571 1.64448
aud/jpy 95.658 95.131
Equities and Commodities
S&P 500 4359.91
DOW 33730.4
Nasdaq 100 15152.6
ASX200 7079.18
GOLD 1860.26
WTI 85.96

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.