Global Risk Keeps Aussie Dollar Subdued

AUD

Aussie dollar starting the week down against the majors compared to Friday last week. Asian equities closed the week lower with the Hang Seng -0.7% and Nikkei down 0.5%. The ASX fell 1.2% as conflicts in the Middle East and Ukraine continue to worry investors. No data out for us today but we are moving into a bus week with the RBA Monetary Policy Meeting Minutes set to be released tomorrow at 11:30am and RBA Governor Bullock speaking the following day.

USD

AUDUSD starts the week down opening at 0.6310, having reached 0.6297 lows on Friday evening. Wall St drifting lower to close the session with the Dow ending the day 0.9% in the red while the S&P500 lost 1.3% and the Nasdaq was 1.5% lower at the closing bell. A quiet start to a busy week with no US data coming out until Wednesday when Flash Manufacturing PMI and Flash Services PMI are set to be released.

EUR

AUDEUR reach 0.5975 highs on Saturday evening before opening this morning at 0.5959. European equities opened in negative territory with the Euro Stoxx 50 -0.9% and DAX and CAC 40 down 1.6% and 1.5% respectively. A quiet day ahead for the Eurozone with French Flash Manufacturing PMI and French Flash Services PMI kicking us off tomorrow.

GBP

AUDGBP starts the week down at 0.5192, having reached 1-week lows of 0.5186 on Saturday. No data to start off the week, but Tuesday afternoon will bring the Claimant Count Change, Flash Manufacturing PMI, Flash Services PMI.

NZD

AUDNZD opens up higher this morning at 1.0832 after a strong week last week. A Bank holiday today in New Zealand, with no data until Friday where we will be learning of the Reserve Bank of New Zealand’s objectives for the next three years and the budget for the first year of that period.