Will the Australian dollar continue to rise?

Will the Australian dollar continue to rise?

02.09.2021

Yesterday, U.S. stock prices rose, leading to a market environment characterized by rising stock prices, falling interest rates, and lower oil prices. WTI crude oil plunged during U.S. trading hours yesterday and is now trading in the $68.2 range. Gold has been trading sideways just above the $1,800 mark and is currently at $1,813.

In the foreign exchange market, Oceania currencies continue to hold their ground, with the AUD/JPY pair rising at a steeper angle than other yen crosses. The AUD/JPY is currently trading at 80.9, and the focus will likely be on whether it can break above the recent high of 81.58. The AUD/USD is showing an even more pronounced upward trend, supported by the 20-period moving average on the hourly chart, and is currently trading around 0.736.

Today’s economic indicators include the Swiss Consumer Price Index and Retail Sales at 3:30 PM, the Eurozone Producer Price Index at 6:00 PM, the U.S. Challenger Job Cuts Report at 8:30 PM, the Canadian Trade Balance and Housing Starts, U.S. Initial Jobless Claims, U.S. Trade Balance, and U.S. Second-Quarter Nonfarm Productivity (final reading) at 9:30 PM,at 11:00 PM: U.S. Manufacturing Orders Index; at 11:30 PM: U.S. Weekly Natural Gas Inventories; at 2:00 AM: Remarks by Bostic, President of the Atlanta Fed; and at 4:00 AM: Remarks by Daly, President of the San Francisco Fed. Ahead of tomorrow’s U.S. jobs report, we intend to closely monitor the strength and weakness of the U.S. dollar against other currencies.

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