The Aussie was also immune to the release of strong US retail sales, manufacturing PMI and import price figures for November during the session, showing little reaction to data. This may reflect renewed concern that Senate Republicans may not have the numbers to pass tax reforms, something that kept the dollar’s gains in check on Thursday. “A spokeswoman for Republican Senator Rubio told Senate leaders that he will vote against the GOP Tax unless child-tax is expanded for working-poor families,” said Rodrigo Catril, currency strategist at the National Australia Bank.
Aussie stable in a quiet Friday trade
There were no data releases from Australia today. After pushing higher on Wednesday on the back of a weak US consumer price inflation report and updated FOMC forecasts that were perceived to be more dovish than what markets expected, the Aussie continued to rally on Thursday, propelled northwards by another stellar Australian jobs report for November and solid economic data from China.
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