Japanese Yen and Swiss Franc The Weakest, North American Data Eyed

Market Reviews

Yen and Franc both declined and became the weakest currencies. Nikkei expanded its rally and reached the 26-year maximum. DOW, S&P 500 and NASDAQ hit highs as well. The greenback is still soft. The currency is waiting non-farm payroll data, which might give it an additional boost.

Canadian Dollar has reinforced thanks to increase in oil price. WTI crude oil surpassed 62 handle.

US ADP report indicated 250 thousand of new jobs in private sector. Employment component of ISM manufacturing fell to 57.0 from 59.7. 4-week moving average of initial jobless claims held at 241.75 thousand. Australian trade balance marked the deficit of -0.63 billion AUD in November. Japan monetary base increased 11.2% yoy last month. British BRC shop price index fell -0.6% yoy.

Today, we have plenty of data. Eurozone will release inflation numbers and retail PMI. Germany will announce retail sales. Swiss will present Foreign currency reserves. The US will show ISM services, factory orders and trade balance. Canada will publish job data, trade balance and Ivey PMI.