Foreign exchange - Aussie, yen tick down as give attention to U.S. knowledge, Australia commerce

Aussie, yen weaker

Investing.com – The Aussie and yen drifted lower Thursday in Asia with the focus on U.S. data at the end of the week and trade flows from Australia.

traded at 0.7301, down 0.12%, while changed hands at 123.27, up 0.02%.

The came in at 48.2 in November, down from 48.9 the previous month.

Ahead, Australia reports for October month-on-month as well as trade data with a deficit of A$ 2.665 billion seen for October.

The for November is also due with 53.1 expected.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.02% to 100.02.

Overnight, the dollar extended gains to fresh eight-month highs against the other major currencies on Wednesday, as the release of strong U.S. jobs data added to expectations for a December rate hike by the Federal Reserve.

Payroll processing firm said U.S. non-farm private employment rose by 217,000 last month, above expectations for an increase of 190,000.

The economy created 196,000 jobs in October, whose figure was upwardly revised from a previously reported increase of 182,000.

The upbeat data added to speculation that the Fed will raise interest rates at its December meeting.

Investors were eyeing a string of U.S. economic reports this week, including Friday’s report for further indications on the strength of the economy, as the Fed has said that any decision on interest rates will depend on data.

Sentiment on the euro also remained vulnerable amid signals by the ECB over the past weeks that it is ready to implement additional easing measures in order to boost inflation in the euro zone and support growth.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Foreign exchange - Aussie, yen tick down as give attention to U.S. knowledge, Australia commerce