Will the rise in Oceania currencies continue amid high oil prices?

Will the rise in Oceania currencies continue amid high oil prices?

13.01.2022

Yesterday, the three major U.S. stock indices all rose slightly, resulting in a market environment characterized by rising stock prices, interest rates, and oil prices. The VIX (fear index) fell by about 4% to around 17.6. WTI crude oil rose to the $82.4 range, approaching its October 2021 high, as the view gained traction that the decline in demand due to the resurgence of COVID-19 infections would be limited.

In the foreign exchange market, cross-yen pairs are trading sideways, and due to the decline in the U.S. dollar, the AUD/USD pair has surged from 0.720 to this month’s high of 0.729. Technically speaking, the AUD/USD has already broken through its recent high on the 4-hour chart, with the next target at 0.744; we will be watching to see if it continues to rise without being held back by the moving average.

Today’s schedule includes Turkey’s industrial production at 16:00 CET, remarks by a member of the Bank of England’s Monetary Policy Committee at 17:45 CET, U.S. initial jobless claims and the U.S. Producer Price Index at 22:30 ET, a confirmation hearing for Federal Reserve Governor Lael Brainard’s nomination as Vice Chair of the Federal Reserve at 24:00 ET,at 12:30 a.m. (US time): US weekly natural gas inventories; at 2:00 a.m. (US time): remarks by Barkin, President of the Richmond Fed; and at 3:00 a.m. (US time): a US 30-year Treasury auction and remarks by Evans, President of the Chicago Fed. We will be watching closely to see if the rally in commodity-linked currencies continues.

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