Nov. 28: MARKET OVERVIEW
EUR/USD: remains under pressure. Support seen at 1.2440. Watch German Retail Sales (7:00 GMT), French Consumer Spending (7:45 GMT) and euro zone’s CPI (10:00 GMT).
GBP/USD: The pair’s trading just above 1.5700.
USD/JPY: The pair rose above 118.00. Yen weakened as falling oil prices softened Japan’s inflation outlook increasing expectations of more policy easing by the Bank of Japan. The nation’s core consumer inflation excluding the effects of April's tax hike was estimated at 0.9%, less than halfway to meeting the BOJ's 2% target.
AUD/USD: selling pressure on the Aussie resumed. The pair is retesting the0.8480 support (recent lows).
NZD/USD: bearish pressure prevails, but kiwi has recovered some pips on the upbeat ANZ Business Confidence data.