Dollar Eases as Jobs Data Eyed, Aussie Advances
The dollar slipped against other Group‑of‑10 currencies as investors await delayed but pivotal jobs data, following weak retail sales that reinforced dovish Fed expectations.
The Bloomberg Dollar Spot Index fell 0.2% to take losses into a fourth day. It inched lower Tuesday after an unexpected stall in December retail sales revived bets on a third Fed rate cut this year.
“There was yet more defensive messaging about the US jobs picture from Trump officials overnight too, tamping down on expectations,” said Richard Franulovich, head of FX strategy at Westpac, in a note.
It may be the proximity of the Jan. jobs this evening and a swirl of renewed stories around Greenland and Iran, that left markets in a flux: Franulovich.
AUD/USD extended an intraday gain to 0.63% at 0.7119 after RBA Deputy Governor Andrew Hauser said inflation at current level is too high. 3-year sovereign yields trimmed an intraday decline by the time he finished speaking.
USD/JPY slides 0.5% to 153.63.
There’s no cash trading of Treasuries in Asia due to a holiday in Japan. Treasury 10-year note futures are little changed at 112 17/32 after 10-year yields dropped 6bps to 4.14% Tuesday following weaker-than-expected retail sales print.
Source : Bloomberg.com
