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AUD

AUD gains on unemployment drop to 5.3%, UK Retail sales beat estimates

Whilst yesterday’s unemployment figure gave the Aussie dollar a much-needed bounce, we are still trading at levels not seen since Q4 2016

While UK retail sales beat estimates the political situation in the UK is still undermining any efforts for a rally on Sterling with Bank of England Governor Mark Carney saying “risk of a no-deal Brexit is 'uncomfortably high'”

Aussie recovers...ish

The AUD has held steady against the Euro, trading in the mid-range for the year. We briefly lost the 80 floor on AUDJPY before recovering overnight.

The Aussie Dollar and Kiwi Dollar were strongest currencies over the last trading session that had a clear ‘risk on’ theme, consequentially the Swiss Franc and Japanese Yen were the weakest.

RBA Governor Lowe to speak today,

Coming up we have RBA Governor’s speech at 9:30am (EST) with markets watching for any mention of the US and Chinese trade wars and the knock-on effect to the Australian economy.

We additionally have overnight data on inflation out of Europe with an eye towards their rate decisions for next year.

There is also slew of data from Canada, with the Aussie Dollar trading at 2 years lows vs the CAD we could see this move exacerbated with positive Canadian data.

AUD gains on unemployment drop to 5.3%, UK Retail sales beat estimates.

Whilst yesterday’s unemployment figure gave the Aussie dollar a much-needed bounce, we are still trading at levels not seen since Q4 2016

While UK retail sales beat estimates the political situation in the UK is still undermining any efforts for a rally on Sterling with Bank of England Governor Mark Carney saying “risk of a no-deal Brexit is 'uncomfortably high'”

Aussie recovers...ish

The AUD has held steady against the Euro, trading in the mid-range for the year. We briefly lost the 80 floor on AUDJPY before recovering overnight.

The Aussie Dollar and Kiwi Dollar were strongest currencies over the last trading session that had a clear ‘risk on’ theme, consequentially the Swiss Franc and Japanese Yen were the weakest.

RBA Governor Lowe to speak today

Coming up we have RBA Governor’s speech at 9:30am (EST) with markets watching for any mention of the US and Chinese trade wars and the knock-on effect to the Australian economy.

We additionally have overnight data on inflation out of Europe with an eye towards their rate decisions for next year.

There is also slew of data from Canada, with the Aussie Dollar trading at 2 years lows vs the CAD we could see this move exacerbated with positive Canadian data.

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