Forex – Aussie Down As Trade Balance Comes In At Surprise Deficit, US Jobs Ahead

Aussie falls in Asia – The Aussie dipped in Asia on Friday after disappointing trade balance figures with the big focus of the day on US with analysts forecasting a gain of 190,000 jobs.

traded down 0.11% to 0.7855, while changed hands at 112.76, up 0.01%.

Australia reported its for November as a surprise deficit of A$628 million, compared with an A$550 million surplus seen.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted down 0.32% to 91.60.

Overnight, the dollar continued to languish at there-month lows on Thursday as an upbeat labor market report failed spark a rebound in the greenback amid pressure from a rally in the euro to nearly three-year highs.

The dollar gave up most of its gains from Wednesday’s session as the prospect of the Fed adopting a more aggressive path to monetary policy tightening amid upbeat economic data did little to lift sentiment on the greenback.

Private payrolls grew by 250,000 for December, a sharp increase from the 185,000 private jobs created in the previous month, according to a report released Wednesday by ADP and Moody’s Analytics. That beat economists’ forecast of 191,000.

The U.S. Department of Labor reported Thursday that initial jobless claims increased 5,000 to a seasonally adjusted 250,000 for the week ended Dec. 30, missing forecasts of a 3,000 increase.

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