Will the rise in Oceania currencies continue?

Will the rise in Oceania currencies continue?

24.08.2021

Yesterday, the three major U.S. stock indices all rose, resulting in a market environment characterized by rising stock prices, stable interest rates, and higher oil prices. The Nasdaq hit a new all-time high for the first time in about two weeks. This appears to reflect heightened expectations for an economic recovery following the U.S. FDA’s formal approval of the Pfizer vaccine. Meanwhile, BTC/USD, which had recovered to the key $50,000 level yesterday, has since fallen back to $49,000.

With the Jackson Hole Symposium this weekend and the U.S. jobs report next weekend on the horizon, the foreign exchange market is in a wait-and-see mode, and the USD/JPY pair is trading within a very narrow range of 109.47 to 110.22.Meanwhile, Oceania currencies are showing firm price action, with the AUD/USD continuing its rise yesterday, rebounding from 0.710 to 0.721. It is currently attempting to break through its previous high.

Today, Germany’s second-quarter GDP (revised) is scheduled for 3:00 PM Asia time; U.S. new home sales and the Richmond Fed Manufacturing Index are set for 11:00 PM U.S. time; a U.S. 2-year Treasury auction is scheduled for 2:00 AM; and New Zealand’s trade balance is due at 7:45 AM the following day.We will be closely monitoring whether the currencies of resource-rich nations, which are showing signs of an upward trend, will set the tone for today’s markets.

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