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Trader, analyst and instructor with a 6-year experience

Dec. 11: MARKET OVERVIEW

The US dollar correction continued in Asia on Thursday, with EUR, GBP and CHF extending their recovery. The upside remains limited, however. USD/JPY has also pulled to a fresh low of 117.40, but the dips were quickly bought.

RBNZ left the interest rate unchanged at 3.50% and reviewed the growth forecasts to the upside. Kiwi dollar touched 0.7860 in the Asian trade.

AUD/USD spiked to 0.8370 as the employment data came out well above the forecasts (42.7K new jobs versus 15K expected).

Events to watch today:

-       SNB meeting

-       ECB TLTRO auction

-       US retail sales

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