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On Thursday, in Asia, the Australian dollar held revenues after jobs data. Additionally, major Chinese data on GDP as well as industrial output underpinned market sentiment of continued firm demand from a leading export destination.
The currency pair AUD/USD hit 0.7851, ascending 0.06%, USD/JPY reached 113.00, gaining 0.05%, while EUR/USD showed an outcome of 1.1802, tacking on 0.13%.
As for the US dollar index, tracking the US currency’s strength against six key currencies, it slumped 0.05% hitting 93.25.
China’s third quarter GDP pleasantly surprised traders with a 1.7% leap on quarter as well as 6.8% surge on year.
As for Japan’s trade balance, it demonstrated a surplus of about ¥670 billion, which is wider than September’s ¥560 billion surplus.
Besides this, Australia posted jobs data with 19,800 employees added versus 15,000 under employment change anticipated. It enabled the unemployment rate to sink to 5.6% to 5.5%.
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