Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Aussie gives up some revenues on China data
On Thursday, the Australian dollar gave up some earlier revenues because a surprise leap in jobs for August data was compensated with weaker fixed asset investment, industrial output and retail sales figures from key trading partner China.
The currency pair USD/JPY hit 110.47, sliding 0.01%, AUD/USD reached 0.8003, ascending 0.21%.
The U.S. dollar index, gauging the US currency’s value against six major currencies, grew 0.06% reaching 92.45.
China unveiled fixed asset investment for August, which soared 7.8%, versus the 8.2% leap expected on year. Additionally, industrial output grew 6%, versus a 6.6% rally observed on year. Retail sales inched up 10.1% versus a 10.5% jump observed on year.
Australia posted jobs data with the employment change figure leaping by up to 54,200 versus gain of about 15,000 jobs observed for August under a participation rate of nearly 65.3%, which is higher the 65.1% expected, and an unemployment rate stuck to 5.6%.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.