EUR/USD
EUR/USD was trading at 1.2456 from around 1.2454 ahead of the release of the data,as investors remained wary ahead of Thursday monetary policy meeting of the European Central Bank. The Euro rose from lows near 1.2420 to near 1.2505 and was around 1.2475 in late US trade on Monday. The Euro zone to dip into deflation in a year's time, a key market measure showed on Monday, ratcheting up the pressure on the European Central Bank to launch new stimulus measures. Expectations for inflation have been dented by falling oil prices, which hit a five-year low on Monday and are down 40 percent since June, largely due to abundant supply. Signals for Tomorrow
GBP/USD
The British Pound advanced against the U.S. Dollar after upbeat manufacturing data,GBP/USD remains under selling pressure ahead of today Construction PMI (Nov) report and Bank of England important interest rate on Thursday. U.K Manufacturing index rose to 53.5 in November showed higher reading than in October 53.2.
AUD/USD
Aussie gains after RBA leaves rates steady at 2.5%,Australia’s third quarter current account balance showed a deficit of A$12.5 billion, narrower than the A$13.5 billion expected, while October building approvals jumped 11.4%, well above an expected for a 5.2% month-on-month rise, and rebounding from a 11% fall in September. AUD/USD traded at 0.8520, up 0.32%.
USD/JPY
The dollar pushed higher against the yen on Tuesday,Prime Minister Abe dissolved parliament earlier this month, clearing the way for elections to be held on December 15 to seek a fresh mandate for his economic policies, which call for a weaker yen. The decision came after data showing that Japan's economy unexpectedly fell into recession in the third quarter.
Data Update for 2nd Dec 2014