Here is what you need to know on Thursday, December 5: The US Dollar Index kept the trade in the low-106.00s against the backdrop of diminishing yields and further recovery in the risk complex. The October’s Balance of Trade figures are due, along with the usual weekly Initial Jobless Claims, and Challenger Job Cuts. Furthermore, the Fed’s Barkin is expected to speak. EUR/USD added to recent gains and looked to consolidate the breakout of the key 1.0500 barrier.
In addition, the BoE’s Greene will speak. USD/JPY rebounded further and briefly rose to three-day highs north of the 151.00 barrier, although it loss some impulse towards the end of the NA session. The weekly Foreign Bond Investment figures will be published seconded by the speech by the BoJ’s Nakamura. There was no respite for the selling pressure in AUD/USD, which this time challenged the key contention zone near 0.6400, weighed down by poor data in Oz.