See the latest Australian dollar analysis here:
Share markets continue to lift across Asia in response to the broad risk on moves overnight with the USD firming against the major currencies, plus Yuan despite a lower fix today by the PBOC. Gold is failing here, about to make a new intraweek low after its rout overnight, with momentum decidedly negative on the four hourly chart, now at the $1936USD per ounce level:
In mainland China, the Shanghai Composite is the odd one out, down 0.2% to be back below 3400 points while in Hong Kong the Hang Seng Index is also off, now down 0.5% to be just below 25000 points. Japanese stock markets however are doing much better with the Nikkei 225 about to close 1% higher as the USDJPY pair tries to push higher above the 106 handle:
The ASX200 is also surging higher again, up 0.7% going into the close to be at 6106 points as the Australian dollar cotnineus to deflate, now about to crack below the 73 handle and not finding much buying support here despite a lot of risk on moves elsewhere:
Eurostoxx and Wall Street futures are up slightly with the S&P500 four hourly chart indicating another move higher tonight as it extends its gains well above the 3500 point level:
The economic calendar includes German and Euro-wide services PMIs for August, plus retail sales while in MAGA Land, its weekly initial jobless claims, latest trade balance and the ISM non-manufacturing print.