Will the decline in Oceania currencies continue due to geopolitical risks?

Will the decline in Oceania currencies continue due to geopolitical risks?

18.08.2021

Yesterday, the three major U.S. stock indices all fell, resulting in a market environment characterized by falling stock prices, flat interest rates, and lower oil prices. Although the yield on the 10-year U.S. Treasury note briefly dropped to 1.22%, it is currently hovering around 1.25%. Gold is forming a triple top on the hourly chart and is currently trading in the $1,785 range.

In the foreign exchange market, currencies of resource-rich nations remain weak, and the AUD/JPY pair fell for the fourth consecutive day, briefly touching 79.4. From a technical perspective, the 200-day moving average is acting as resistance on the daily chart, and with no immediate support in sight, there are concerns that sudden news or economic indicators could trigger further declines.

Today’s economic indicators include the UK Producer Price Index at 3:00 PM, the South African Consumer Price Index at 5:00 PM, the Eurozone Consumer Price Index at 6:00 PM, the US MBA Mortgage Applications Index at 8:00 PM, the Canadian Consumer Price Index and US Housing Starts at 9:30 PM, US Weekly Crude Oil Inventories at 11:30 PM,and the release of the U.S. FOMC minutes at 27:00. We will carefully monitor whether this brings any change to the ongoing downtrend in commodity-linked currencies.

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