The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.
The S&P 500, Dow Jones and Nasdaq 100 sank on Monday as Treasury yields rallied, extending moves from last week. This is leaving APAC equities, like the Nikkei 225 and ASX 200, at risk.
Gold prices sank the most in 3 months alongside the Dow Jones after a slew of rates hikes from central banks in Europe. Is more pain in store for XAU/USD after a wedge breakout?
The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.
The Dow Jones, S&P 500 and Nasdaq 100 reversed a CPI-induced rally as traders seemingly looked beyond the Fed pivot and towards the next tightening cycle in the distant future.