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

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

28.06.2021

Last weekend, the S&P 500 hit a record high in the U.S. market, sparking a risk-on environment characterized by rising stock prices, interest rates, and commodity prices. The VIX (fear index) fell further from the previous day to 15.6, indicating market stability. Gold has been trading within a range of $1,769 to $1,793 and is currently at $1,783.

In the foreign exchange market, the pound is showing signs of recovery, with GBP/USD attempting to rise around the 1.389 level. GBP/JPY has also rebounded from today’s decline during Asian trading hours and is currently holding firm around 153.7, defending against a new low. However, given that the rebound in Oceania currencies is gaining even more momentum than that of the pound, caution is warranted when assessing the direction of GBP/AUD.The AUD/USD pair has rebounded from the 200-day moving average on the daily chart and is attempting to rise from the 0.759 level.

Today’s key events include the German Import Price Index at 3:00 PM, remarks by German Bundesbank President Bahtmann and UK MPC member Holden at 9:00 PM, remarks by U.S. Federal Reserve Bank of New York President Williams at 10:00 PM, the U.S. Federal Reserve Bank of Dallas Manufacturing Activity Index at 11:30 PM, and remarks by U.S. Federal Reserve Bank of Dallas President Barkin at 1:00 AM.Remarks by Barkin, President of the Richmond Fed. We will carefully monitor how prices move during this final week of the month.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

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

3. 16.04.2026New

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

4. 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

5. 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?

6. 13.04.2026

   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

7. 10.04.2026

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

8. 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?

9. 08.04.2026

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

10. 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