Japanese Yen and Australian Dollar News: Japan and China's PMIs in Focus.Weak Japanese manufacturing PMI and election updates could pressure the BoJ on rates. Meanwhile, a strong US jobs report could drive USD/JPY above 154.
US non-farm payrolls data - the critical key ranges for estimates to watch.Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:
Fed's Target in Sight as Inflation Cools, Spending Holds Strong.Evidence of moderating inflation, strong consumer prospects, and better-than-expected weekly initial jobless claims data supported USD demand during the U.S. session.
Australia Judo Bank Manufacturing PMI came in at 47.3, above expectations (46.6) in October.Australia Judo Bank Manufacturing PMI came in at 47.3, above expectations (46.6) in October
Mexican Peso soars on strong GDP, unfazed by US election woes.The Mexican Peso appreciated over 0.60% against the US Dollar on Thursday after posting losses for the four previous sessions. Upbeat Mexican Gross Domestic Product (GDP) figures outweighed upbeat data from the United States (US), which failed to boost the Greenback.