The Aussie Dollar! traded higher as the unemployment rate in
Australia beat expectations edging slightly lower to 5.2 percent in November and
added 13,900 new workers to the labour force. Remarkably, the economy shed 4,200
full-time workers while it seems the gains in November were the result of adding
18,100 new part-time staffers. The participation rate remained unchanged at 65.1
percent
The services industry in the United States is in tune with
consumer spending figures than the ISM manufacturing report released fell to its
lowest level of the year at 49.5 in November continues to grow and at a fast
pace.
Decline came when sales of Spanish 3, 7, and 10-year bonds
disappointed a maximum target of 4.5 billion Euros by only raising 4.25 billion
in the auction. Euro-zone retail sales were reported to have
declined 1.2% in October, the disappointing
number kept EURUSD below 1.3100. Later today the ECB will announce the interest
rate expectations are for the rate to be left at 0.75%. Also, an updated
estimate of the Euro-zone GDP for Q3 will be released the previous estimate saw
a 0.1% decline.
