The Aussie is favored following the release of upbeat China data. The escalating tensions between China and Australia look to be capping gains. The data was released at 01:45 GMT showed China's Caixin Manufacturing PMI, which surveys the small and medium-sized export-oriented units, rose to 54.9 in November versus expectations for 53.5 following October's 53.6. [...]
Japan’s October month Retail Sales offered a surprise growth of 6.4% YoY versus market consensus of -7.7%. Further details suggest that the preliminary readings of October’s Industrial Production recovered from -14.5% forecast and -9.0% prior to -3.2% YoY. Japan’s industrial output rose for the fifth straight month in October, signaling the economy was recovering further [...]
Core consumer prices in Tokyo suffered their biggest annual drop in more than eight years, data showed on Friday, an indication the hit to consumption from the corona virus crisis continued to heap deflationary pressure on the economy. The data, which is considered a leading indicator of nationwide price trends, reinforces market expectations that inflation [...]
The US Dollar continues to struggle as downward pressure mounts and pushes the DXY Index to a new monthly low. USD price action weakened against its counterparts like EUR, GBP. This move appear largely driven by a continuation of prevailing trends such as waning demand for safe-haven currencies like the US Dollar. The minutes of [...]
