Exchange Rates

AUD/JPY
Exchange Rates

AUD to JPY

November 5th 2021 3:00pm (NZT)

The Australian Dollar (AUD) tracked lower over the week against the Japanese Yen (JPY) reaching 83.90 this morning. The Aussie was undermined by the dovish RBA slant Tuesday after the central bank said they were prepared to be patient with tightening policy measures as they continue to buy government securities at 4B per week until at least February next year. Governor Lowe citing supply chain uncertainty as a massive disruption to future growth forecasting and sustainable high employment. With the cross trading below the 100 day moving average Thursday this could signal further downside moves into the close.

Exchange Rates
The current interbank midrate is: AUDJPY 84.29
The interbank range this week has been: AUDJPY 83.91- 86.05

AUD/CAD
Exchange Rates

AUD to CAD

October 19th 2021 3:00pm (NZT)

Recent data out of Canada hasn’t been pretty with Manufacturing and Wholesale Trade data disappointing, putting the Canadian Dollar (CAD) under pressure. The cross traded higher off Monday’s open to 0.9180 extending prices off last week’s low at 0.9100. Crude Oil continues to surge higher – overnight reaching 82.00 as global supply chain woes continue to affect demand. Canadian Inflation for September releases Thursday expected to be somewhere around 0.2%. The 3 week high around 0.9215 could be retested in the coming days.
Exchange Rates
Current Level: 0.9182
Resistance: 0.9230
Support: 0.9110
Last Weeks Range: 0.9100-0.9199

More AUD/CAD updates.