# Markets Daily | Westpac IQ

> Westpac's Markets Daily on June 23 reported bond yields rising after rate hikes in the UK, Norway and Switzerland. Sterling weakness suggested recession concerns, while the US dollar rose against most majors and USD/JPY reached a high since November. AUD/USD slipped to 0.6755 and the report previewed flash PMI data.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35764-markets-daily-westpac-iq
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A broad dollar rally and rising global yields make dollar-priced commodities costlier for non-US buyers and can pressure futures. The commentary describes routine FX moves without a new fundamental driver for feed markets.

## Read by commodity

- DXY: bullish ▲

## Sources

- westpaciq.com.au: https://www.westpaciq.com.au/markets/2023/06/MarketsDaily_20230623

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.