The Market Widely Expects The US Interest Rates Unchanged - APAC Update

. 2 min read

The AUDUSD opens at 0.7057 (mid-rate), and the NZDUSD opens at 0.6667 (mid-rate) this morning.

This afternoon’s ANZ business outlook survey which was taken before the government’s decision to scrap its capital gains tax policy, is once again expected to show a lack of confidence in the overall business outlook but should have little effect on the currency ahead of tomorrow’s quarterly employment report.

Markets have been relatively subdued with investors happy to sit on the side lines ahead of the announcement of the Federal Reserve's latest monetary policy decision on Thursday morning. With the Fed widely expected to keep interest rates unchanged the accompanying statement followed by Fed Chairman Jerome Powell's press conference are likely to dictate USD direction.

Overnight the US Commerce Department reported a smaller than expected uptick in personal income with the data showing income edged up by 0.1% following on from a 0.2% increase in February. In stark contrast the report also showed personal spending surged  by 0.9% in March following a 0.1% increase in February and a 0.3% rise in January.

Euro-zone  economic sentiment weakened for a tenth consecutive month in April and now sits at its lowest level since September 2016. The index now sits at 104 down from 105.6 in March and below the forecast 105 result.

Global equity markets are mixed, - Dow +0.19%, S&P 500 +0.30%, FTSE +0.17%, DAX +0.10%, CAC +0.21%, Nikkei -0.22%, Shanghai -0.77%. Gold prices are marginally lower, down 0.5% trading at $1,279 an ounce. WTI Crude Oil prices started the week on the front foot, up 0.4% trading at $66.61 a barrel.

Mid-market Rates

AUDUSD 0.7057 0.3% NZDUSD 0.6667 0.2%
AUDEUR 0.6311 0.0% NZDEUR 0.5962 -0.1%
AUDGBP 0.5455 0.2% NZDGBP 0.5155 0.1%
AUDJPY 78.88 0.4% NZDJPY 74.51 0.4%
AUDNZD 1.0583 0.1% NZDAUD 0.9449 -0.1%
GBPAUD 1.8332 -0.2% NZDCAD 0.8962 0.1%
      GBPNZD 1.9399 -0.1%

Our MarketWatch page is live, please click here to access.

Get in touch with us for more information or pricing.


Would you like daily international currency market news and insights delivered to directly to your inbox? Sign up to our country-specific updates below, and please browse the rest of our blog for more insights from XE offices around the globe.

Australia Morning Update  |  New Zealand Morning Update

Please Note:
The information, materials, accompanying literature and documentation available on our internet site is for information purposes only and is not intended as a solicitation for funds or a recommendation to trade. XE, its officers, employees and representatives accept no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

While we take reasonable care to keep the information on the website accurate and up to date, there may be occasions when this is not possible. Case Studies and articles are not intended to predict future moves in exchange rates or constitute advice.

XE makes no representations, warranties, or assurances as to the accuracy or completeness of any information derived from third party sources. If you are in any doubt as to the suitability of any foreign exchange product that you are intending to purchase from XE, we recommend that you seek independent financial advice first.

For more information about XE, please click here: Regulatory Information