Should we keep an eye on the strength and weakness of Oceania’s currencies?

Should we keep an eye on the strength and weakness of Oceania’s currencies?

26.05.2021

Yesterday, stock prices fell in the U.S. market, creating a risk-off sentiment characterized by falling stock prices, a weaker U.S. dollar, and lower interest rates. The U.S. April new home sales figures (month-over-month), released yesterday, came in at an annualized rate of 863,000 units, falling short of market expectations. Bonds were bought, and yields on both 10-year and 30-year U.S. Treasury bonds declined. Crude oil prices remained flat around $65.80.

In the foreign exchange market, the Australian dollar is once again on an upward trend, with the AUD/USD pair currently trading around 0.778 as it aims to reach last week’s high. While the U.S. dollar is showing signs of weakness, the Australian dollar is also strong against European currencies such as the euro and the pound, and the AUD/JPY pair has also rebounded sharply to around 84.7. The pound is currently the weakest currency against the dollar, with the GBP/USD pair trading around 1.415.

Today, the French Consumer Confidence Index and the French Business Climate Index are scheduled for release at 3:45 p.m. CET. As we move into U.S. trading hours, the U.S. MBA Mortgage Applications Index is scheduled for 8:00 p.m. ET, followed by remarks from U.S. Federal Reserve Vice Chair Quarles at 11:00 p.m. ET, U.S. weekly crude oil inventories at 11:30 p.m. ET, and a U.S. 5-year Treasury auction at 2:00 a.m. ET.I intend to watch the market carefully to see if a new direction emerges in price movements during the middle of this final week of the month.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed