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.
There will be no major data releases both from Australia and USA on Monday so we can expect less volatile session.
