The greenback has managed to make some gains. However, it is under bearish pressure due to the macroeconomic data released. The US dollar index is trading at 97.10. The USD/JPY pair is trading at 113.05. The PMI report for China, released from Caixin indicates a positive reading, which was more than expected. However, the Aussie has failed to gain from this data. So, it fell to 0.7300. The GDP data for Australia came out at 0.3%. Market participants are waiting to hear the outcome of the policy meeting by the Fed. Watch out for contents of the economic calendar today, which contains information about release of important data.
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USDX Cannot Recover
December 5, 2018 at 13:35
by K. Prabhu
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