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- Asian session review: USD weakness across the board
Asian session review: USD weakness across the board
Australian dollar in the early session rose slightly on more positive than expected data on retail sales in Australia. As reported today by the Australian Bureau of Statistics, retail sales rose 0.5% in October, lower than the previous value of 0.6%, but higher than analysts' forecast of 0.3%. Previously, many analysts have expressed concerns about the growth of Australia's GDP in the third quarter, which will be published on December 7.
The US dollar is consolidating in anticipation of today's labor market data. Economists polled by Wall Street Journal, expects NFP at 175,000, and the unemployment rate stable at 4.9%. This report will be the last before the meeting of the Federal Reserve on 13-14 December. At this meeting, a decision with respect to interest rates will be made and it is expected (and probably priced in) that the Fed will raise its key interest rate for the first time for the year amid signs of improvement in the labor market and the continued growth of the economy.
GBP / USD: during the Asian session, the pair was trading in the $ 1.2570-20 range
USD / JPY: fell to Y113.60
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