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Dollar was stable earlier in Asian session

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Post time 11-12-2009 05:33 PM | Show all posts |Read mode
Earlier in Asian session, dollar against a basket of currencies were stable. Forex investors just waited for the consumer price index in November, producer price index, urban fixed-asset investment, the retail sale and the increasing value of industry.
AUD/NZD was stronger and employment data in Australia made the market expectation of increasing interest rate heat up. If the data in China was stronger than expected, Australian dollar, other currencies except New Zealand dollar and U.S. dollar against yen might possibly continue to be higher.
It was expected that Australian dollar and New Zealand dollar might be pursuit by the market.
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