Australian Dollar Starts 2026 Strong
AUD
AUD opens up against all majors, after a rather eventful weekend through world news. Locally the ASX 200 finished +0.1%, with the energy and financial sectors leading gains at +0.7% and +0.4%. The Hang Seng traded +2.8% on the day, while the Shenzhen and Nikkei indexes were closed. Only one day of data releases for the Aussie this week, Trimmed Mean CPI m/m, CPI y/y and CPI m/m which will all be at 11:30am Wednesday. China follows suit with there CPI y/y and PPI y/y to be released this week on Friday with nothing prior.
USD
AUDUSD opens up at 0.6685, subdued trading conditions continued Friday which saw the Dow Jones close +0.7%, the Nasdaq +.2%, and the S&P 500 unchanged to round out the shortened week. No data out over the weekend though a rather heavy data week ahead for the US. Tonight, we will see ISM Manufacturing PMI forecasted at 48.3 and the big data will come out Wednesday night and Friday night with JOLTS Job Openings, ADP Non-Farm Employment Change and Unemployment Rate being the big three points to keep an eye out for this week.
EUR
AUDEUR opens up at 0.5709, European markets closed higher across the board with the DAX +0.2% and the CAC +0.6%. No data to start the week out of the Eurozone, with their major data coming Wednesday through their Core CPI Flash Estimate y/y and CPI Flash Estimate y/y.
GBP
AUDGBP opens up at 0.4971, the FTSE closed 0.2%. Today’s data releases will be M4 Money Supply m/m, Mortgage Approvals and Net Lending to Individuals m/m. No big data to come out for the rest of the week.
NZD
AUDNZD open very slightly up 1.1595, with no data at all to be released this week.