Foreign exchange - Aussie ticks larger forward of constructing approvals, commerce knowledge

Aussie higher ahead of data sets

Investing.com – The Aussie ticked higher in Asia on Thursday with investors focused on data sets in building approvals and trade ahead.

rose 0.09% to 0.7080, while changed hands at 118.65, up 0.12%.

In Australia, for November month-on-month likely fell 3.0%. Also on the slate are and for November and an overall seen at a deficit of A$ 3.1 billion.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.03% to 99.30.

Overnight, the dollar held steady against the other major currencies on Wednesday, after the release of mixed U.S. economic reports as concerns over global geopolitical tensions continued to weigh on demand for riskier assets.

The Institute of Supply Management said its fell to a 20-month low of 55.3 last month from 55.9 in November, missing forecasts for a reading of 56.0.

In addition, the U.S. Census Bureau said factory orders decreased by 0.2% in November, matching forecasts. The data came after payroll processing firm ADP reported that rose by 257,000 last month, easily surpassing expectations for an increase of 192,000.

A separate report showed that the U.S. narrowed to $ 42.37 billion in November from a revised deficit of $ 44.58 billion in October. Analysts had expected the U.S. trade deficit to narrow to $ 44.0 billion in November.

Meanwhile, investors remained cautious after North Korea confirmed on Wednesday that it had conducted a nuclear test and said that it won’t give up nuclear capability unless U.S. abandons its hostile foreign policy towards the country. Markets were also jittery amid growing tensions between Iran and Saudi Arabia, following the execution of a prominent Saudi Shia cleric.

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 ticks larger forward of constructing approvals, commerce knowledge